Twin peaks Global trend is towards ‘twin peaks’ financial supervision: 1 prudential supervisor for capital/ risk controls, another for markets/ business conduct. This model from Australia & Holland adopted by UK, New Zealand & South Africa. But others eg. Germany, Sweden, Poland have chosen the single supervisory model for banking, insurance & pensions. Double trouble?…
Tag: check
Inspect Walls & borders are useless without a way to inspect what’s going through. A mix of human guards, technology & intelligence can oversee a barrier effectively. Northern Ireland checks 1.4% of goods coming from non-EU countries. In the south, Republic of Ireland checks 1%, the lowest rate in the world. Another bra in…
Burden Overall effect of numerous regulations is a heavy load on small business. UK govt wants to check tech/ military deals over £1m (was £70m). More red-tape = more executive time on form-filling, while overseas competitors win customers. Guessed the Word? Series 11(3/4) [photo: joakant]
Lorry 70% of UK’s trade with EU – fresh food, perishables, ‘just-in-time’ parts – enter/ leave in a lorry. 10,000 lorries go through Dover each day. On average, each stops for just 2 mins for border checks. If wait time doubled to 4 mins, there’d be 17-mile tailbacks across Kent. Guessed the Word? …