Accountancy firms give their backing to new centre aimed at promoting best practice financial regulation worldwide
Ernst and Young, PwC, KPMG and Deloittes are stumping up £100,000 to fund an industry-led organisation on international financial regulation which is set to go live by the end of the year.
The International Centre for Financial Regulation aims to promote world class research and education in the field and plans to look at the dynamics of financial stability.
‘I think it can make a real contribution to regulation of international financial markets which are the oil of the economic engine of the world,’ said Michael Synder, senior partner of Kingston Smith and a member of the steering board of the new centre.
The initiative has the backing of the government which announced in its 2006 budget that it wanted to set up such a centre.
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