and these reforms come on top of measures already announced to scrap an eu wide cap on bankers bonuses and allow pension funds to invest more in long term, harder to sell and therefore riskier assets to help fund the government s levelling up projects. global banking chiefs said the uk needed to move with the times to compete with other financial centres. london should not in any way take for granted its kind of pre eminence and its dominance. so any reform that is pro growth, which looks at a vision for financial services overall and which makes the uk competitive, is very timely and very important. financial services make up 10% of the entire uk economy. it generates enough tax to pay for two thirds of the nhs. it is an economic powerhouse, but as we found out 15 years ago, it can also be a financial wrecking ball. now, the banks here are much stronger than they were on the eve of that financial crisis. but there are many who think that rolling back regulation to boost growth is not
requiring of taxpayer funded rescues. tough rules to stop that happening again are now being reviewed or bent. the banks have being reviewed or bent. tue: banks have become being reviewed or bent. tte: banks have become much healthier, financially, since 2008. we put in place a process so that financial issues can be resolved, which we didn t have before, but on that basis, we also want to make sure they can compete with other financial centres, whether it is the united states or asia. among 30 reforms announced united states or asia. among 30 reforms announced today - united states or asia. among 30 reforms announced today were i reforms announced today were plans to reconsider which banks really need to separate or ring fence their retail operations from the riskier investment divisions, review rules on approving or punishing individual senior executives, which have delayed or scared of hires from abroad, and these reforms come on top of measures already announced to scrap and eu
happening again are now being reviewed or binned. the banks have become much healthier financially since 2008, we ve put in place a process so that financial issues can be resolved which we didn t have before, but on that basis, we also want to make sure that they can compete with other financial centres, whether it s the united states or asia. among 30 reforms announced today were plans to reconsider which banks really need to separate or ring fence their retail operations from their riskier investment divisions, review rules on approving or punishing individual senior executives which have delayed or scared off hires from abroad, and these reforms come on top of measures already announced to scrap an eu wide cap on bankers bonuses and allow pension funds to invest more in long term, harder to sell and therefore riskier assets to help fund the government s levelling up projects. global banking chiefs said the uk needed to move with the times to compete
global banking chiefs said the uk needed to move with the times to compete with other financial centres. london should not in any way take for granted its kind of preeminence and its dominance, so, any reform that is pro growth, which looks at a vision for financial services overall and which makes the uk competitive is very timely and very important. financial services make up 10% of the entire uk economy, it generates enough tax to pay for two thirds of the nhs, it is an economic powerhouse. but as we found out 15 years ago, it can also be a financial wrecking ball. now, the banks here are much stronger than they were on the eve of that financial crisis, but there are many who think that rolling back regulation to boost growth is not without risk. in fact, some argue it s precisely because financial services are so important to the uk that it needs tough regulation. we cannot afford another gamble with financial deregulation - because what will happen is that if it goes wrong, the ci
announced today were plans to reconsider which banks really need to separate or ring fence their retail operations from their riskier investment divisions, review rules on approving or punishing individual senior executives which have delayed or scared off hires from abroad, and these reforms come on top of measures already announced to scrap an eu wide cap on bankers bonuses and allow pension funds to invest more in long term, harder to sell and therefore riskier assets to help fund the government s levelling up project. levelling up projects. global banking chiefs said the uk needed to move with the times to compete with other financial centres. london should not in any way take for granted its kind of preeminence and its dominance, so, any reform that is pro growth, which looks at a vision for financial services overall and which makes the uk competitive is very timely and very important. financial services make up 10% of the entire uk economy, it generates enough tax to pay for tw