Financial Services And Markets Group Bulletin - A Review Of Financial Regulations And Tax Issues For FSA-Regulated Businesses. A Time For Optimism?

Mondaq Business BriefingUnited Kingdom Law Articles in English (2010)

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Financial Services And Markets Group Bulletin - A Review Of Financial Regulations And Tax Issues For FSA-Regulated Businesses. A Time For Optimism?

CAUTIOUS CONFIDENCE - RESULTS OF OUR 2009 FINANCIAL SERVICES SURVEY

Our 12th annual financial services survey suggests an air of positivity among the financial services businesses in the City of London.

In line with the overall improving economic outlook, our survey results show a feeling of optimism within the financial services industry, as 62% of respondents believe the UK economy to be either stable or improved on 12 months ago. However, this is tinged with caution as there is no anticipation of a return to the booming times of pre-2008.

Business Confidence

The underlying caution embedded within the financial services industry is clearly illustrated by nearly two-thirds of our respondents continuing to believe that London's reputation as a major financial centre has been damaged by the financial crisis of the last two years. This sentiment is consistent with last year's findings, where 62% held the same view.

As with l...

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