Financial Services Facing Upheaval Avalanche of Rules Could Smother Smaller Players
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Summary
BRITAIN'S financial services sector is heading for a bout of consolidation on a scale not seen since the 1980s, according to a new report. Many household names will disappear amid a "regulatory avalanche", with the smaller life insurers among the most vulnerable, "big four" professional services advisor Deloitte predicts.
The report, 2005: UK Financial Services at a Watershed, looks at the impact of regulation on banking and life insurance markets and is based on a survey of top financial institutions.See the full content of this document
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Financial Services Facing Upheaval Avalanche of Rules Could Smother Smaller Players
Deloitte found that an avalanche of regulatory initiatives and new business economics is set to change the face of UK retail financial services over the next 35 ...
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