By Nick Huber: It’s shaping up to be the year of regulation as well as recession, with the government introducing a new regulatory framework in response to the banking crisis. Earlier this month the government unveiled its long-awaited financial white paper, seen as the biggest shake-up in the regulation of the City since it came to power in 1997.
The plans have received a mixed reaction from the City. But experts say that the increase in financial regulations is likely to be good news for accountants as financial firms strengthen their compliance departments, boosting demand for advisory work and providing opportunities to work more closely with regulators.
Read complete article Financial Services Careers: Rising Tide of Regulation
Source: Accountancy Age, 23 July 2009. © Incisive Media Ltd. 2009 Incisive Media Limited.