Demand for financial services 'will continue to grow'

09 August 2010 at 15:47

The demand for financial services is likely to continue to increase in the coming months as the industry continued to reform following the recession, one expert has noted.

James Perry, head of Ashurst, told Legal Week that the company has recently being bidding to strengthen financial regulatory capabilities in light of this change in the sector, and has hired Nabarro financial services regulation head Rob Moulton to help achieve this aim.

Mr Perry explained: "The demand for financial regulatory services will continue to grow for the foreseeable future as a result of the reform that has followed the financial crisis and the more intrusive approach being taken by regulators."

Recently, Lord Turner, chairman of the FSA, said that the "essence" of why the financial system proved so unstable and the latest financial crisis was so great lies in the interaction between the "specific characteristics" of credit contracts, banks, real estate finance and liquid traded markets.

Posted by Tony Miller ADNFCR-3006-ID-800017508-ADNFCR

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