Ted Sumpster
Financial Services Research Fellow, 2010-2011
Not with a Bang but a Whimper finds that the UK’s financial services industry is in danger of fading away. The report reveals that almost a quarter of financial institutions have considered leaving Britain for more welcoming locations like the Channel Islands or Switzerland.
Fighting Fraud and Financial Crime, recommends the consolidation of existing investigation and prosecution powers from the disparate agencies involved into a single new ‘Financial Crimes Enforcement Agency’, overseen by the Attorney General.
