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If you were left in any doubt that, as Bob Dylan once said, “the times they are a changin’,” you needed only to listen to the broadcast of the Chancellor’s speech to Parliament on 22 April. Starting a couple of minutes late at 12:32 pm., Mr Darling delivered a Budget that swept away any pretence at hanging on to the ‘New Labour’ epithet just as the capital of most of our major banking institutions has been swept away before it. In choosing to deliver a politically-inspired budget, he nailed the Labour Government’s colours to the wall: our aim is to survive electorally. As a perfectly viable alternative, he could have done very little other than announce that the fiscal and monetary stimuli already announced will need to run their course, as he fully expects them to; limited electoral advantage in that, however.
At exactly the same time as Mr Darling was standing up, I was sitting down – to chair a Securities and Investment Institute seminar in the City at which two officials of the Financial Services Authority were speaking about the changes to the FSA’s Approved Persons’ Regime (APER) and Significant Influence Functions, the subject of a recent Consultation Paper. These are, most notably, changes to the way in which the FSA will view the appointment of and responsibilities of directors in UK financial companies including, importantly, subsidiary companies of financial institutions. For the first time, all people deemed to be significant influencers will need to be Approved Persons under the APER regulations.
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Articles of interest |
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A guide to handling access requests
Bird & Bird, 15 April 2009
Financial IT contractors 'through the worst'
Contractor UK, 28 April 2009
Plan to monitor all internet use
BBC.co.uk, 27 April 2009
Investment Banks increase employment offers by 115%
Press Release, 24 April 2009
Over A Third Of City Workers Would Steal From Employers
Here is the city news, 23 April 2009
Messages of doom don’t mean the end of the world
FT.com (registered members only), April 19 2009
When negotiations go wrong: when is the last day of employment?
Bond Pearce, 17 April 2009
Social networking...in and out of the enterprise
Osborne Clarke, 2009
Launch of the new Vetting and Barring Scheme
Criminal Records Bureau, 19 March 2009
Best Place To Work 2009 Results - The Top 100 Firms
Here is the city news, 24 February 2009
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Conferences & Events |
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The FSA has said, "Once an employee has attained competence, a firm must ensure that the employee remains competent... It is important that training to maintain competence is effective and purposeful".
How to win at employment tribunals
Croner Training, London, 19 May 2009
Managing personal information (discussion forum)
FAP Events, Beever and Struthers, Manchester, 30 April 2009
Discipline, Grievances and Dismissal
JSB, London, 6-7 May 2009
Annual Conference 2009: Surviving the storm - preparing for recovery
Securities & Investment Institute, London, 7 May 2009
European HR Leaders Summit
Prague, Thursday 14th till Friday 15th May 2009
The Annual Conference: Employment Law and Practice
JSB Training and Development, London, 10 June 2009
Managing Reorganisations, Restructurings and Redundancies
JSB Training and Development, London, 17-18 June 2009
Conducting Workplace Investigations and Hearings
JSB Training and Development, London, 22-23 July 2009
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