In the wake of the HSBC scandal, Jill Insley looks at the fine line between tax avoidance and tax evasion in the print edition of
the Review, which is being delivered to eligible members in the next few days. In our feature, she examines whether moral rather than legal considerations should dictate individuals’ tax affairs. It’s a story closely linked to the debate about reforming the banking system; our editor Janice Warman interviews our cover profile subject, Dame Colette Bowe, about her new job as head of the Banking Standards Board that has been created to undertake the task.
The debate about right and wrong continues with our
City view concerning the fact that 800 years after the signing of the Magna Carta, the newly created Senior Managers Regime, which is intended to hold individuals to account, is standing on its head “a key tenet of British justice, namely the presumption of innocence” in favour of “ ‘a presumption of responsibility’ – or guilt.”
If you’d like to know more, Stuart Holman, Deputy Managing Editor of CCL, outlines the details of the new regime in our regular
Ask the Experts column.
Our award-winning columnist Anthony Hilton warns that growth of assets under management, which will rise to $400tn by 2050, dwarfing the banking system, will bring potential problems as fund managers turn to ever more illiquid markets. He predicts that regulation is on the way.
Regulation is generally accepted to be a good thing. But it can bring problems of its own. Heather Connon evaluates the impact on profitability and core activities that data collection requirements are having on the financial services industry.
In
Grey matters, our regular examination of an ethical issue, we ask what a bank should do when its new loyalty scheme has wrongly credited millions of travel miles – and staff have taken advantage.
And in
Last word, Andrew Davis profiles a fast-growing Scottish brewer, which is pulling in the funds with an unorthodox crowdfunding exercise – by far the biggest in the UK and quite possibly in any other.
Added to all of this is the latest 12-page edition of the CISI’s new academic journal,
Review of Financial Markets, which delivers cutting-edge research.
Once you have read the print edition, keep coming back to the
digital edition, which is updated regularly with news, features and comment about the CISI and the financial services industry.
All members, excluding student members, are eligible to receive the quarterly print edition of the magazineMembers who have opted out of receiving the print edition can change their preferences within MyCISI via the
Communications Preferences tab to receive the print edition again as of the September 2015 issue.