The finance industry regulator chairman, Callum McCarthy, has warned that the financial services industry faces an ever uphill battle as 14 separate pieces of Euro laws come into force over the next 4 years. These changes are to bring uniformity to Europe wide finance for cross border trade etc.
Our view
It is Europe that is someway behind the UK in terms of having a developed financial services market.
At , we have experience of a number of Financial Services Regulators across Europe and believe that the UK has stronger and tighter regulation than any other country.
Coping with new rules and regulations will prove, we believe, less tedious than our European cousins. The only problem we have in the UK is the arrogance of not having good language skills!
To survive, we believe that UK financial groups must train and recruit to deal with the language barrier and then our models for financial services will take the EU markets by storm - making the UK the driver and create employment and wealth.