Monday 27 October 2014

We now know what legislation has to reformed to achieve robust regulation of the Asset Based Finance Industry

In correspondence between the CEO of Prudential Regulatory Authority (PRA) and RABF, Andrew Bailey has clarified for the wholly own subsidiaries of banks to be regulated by the PRA as they are exempt at present is a change to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ('the RAO').

We are adjusting the campaign to achieve what is effectively a minor amendment - this is going to be the hard bit.
  http://www.maxfarquar.com/wp-content/uploads/2011/10/lloyds-TSB-Logo-downgraded1.jpg
 Gone will be the crime of banks ripping of their clients and hiding behind it's nothing to do with us!


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