Events | 2009.12.10
Insurers launch attack on financial reforms
Insurers have blasted Government proposals that they contribute to a fund to prevent fresh calls on tax-payer funds to bail out banks. They are furious that they could be asked to pay into a "systemtic risk scheme" to fund future rescues and argue that they have emerged from the storm virtually unscathed, causing none of the problems of the banking sector. Peter Vipond, the ABI director of tax and regulation, said: “Yet again, the Government is suggesting sweeping reforms of the financial sector with no recognition of the differences between banking and other financial organisations.
For more information, please visit
http://www.independent.co.uk/news/busine[...]financial-reforms-1838133.html
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