Turkeys vote for Christmas saying, "Yeees! Get in!"
Cummings Pepperdine
Cummings Pepperdine is a full-service advisory firm in the three key areas of law, tax and FCA.
It may seem strange that a firm which advises on financial regulation supports the reduction of this legislation. ?Yet we find ourselves buoyed up by some of the recent announcements from the government which seem to support cutting down on costs and regulation.
But our joy is slightly tempered as we wait for evidence. ?Will unnecessary regulation be cut to boost growth? Will calling it a day for the Payment Systems Regulator mean that the FCA does not then increase its work, regulation and costs? ?Will the FCA’s scrapped proposed new rules to boost diversity and inclusion for fears of imposing unnecessary regulatory burdens on firms prove to be the start of a re-think on what the industry truly needs? Will new legislation outweigh any regulatory cut-back?
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