Jacques de Larosière's proposals for regulation have put UK on back foot

David Worsfold considers the impact the chaotic domestic fallout from the European elections will have on the investment industry

Amid the chaotic domestic fallout from the European Parliament elections in the UK it would be very easy to lose sight of some of the wider issues that the results will influence. Top of my list is the debate on the reform of financial services regulation as this could lead to some major upheavals for fund managers, product providers and IFAs that trade across borders. The UK appears to have been forced onto the back foot in this debate with the European Commission setting the agenda through the report submitted last month by former International Monetary Fund managing director Jacques ...