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SIB Seeks to Adopt a More Influential Role

Document Cited authorities 1 Cited in Related
Vincent
DOIhttps://doi.org/10.1108/eb025679
Published date01 February 1995
Date01 February 1995
Pages82-84
AuthorKaren Houston
Subject MatterAccounting & finance
REGULATION
SIB Seeks to Adopt a More Influential Role
Karen Houston
Journal of Financial Crime — Vol. 3 No. 1 — Regulation
The future workings of the Securities and Invest-
ments Board (SIB) and financial services
regulation in general arc a constant subject of
debate. In May 1993 following his review of the
SIB's operations, Andrew Large, its chairman, con-
cluded that the 'SIB and the regulators need to
improve the system's effectiveness and confidence
in it, by a more active and formal exercise of the
SIB's leadership and by achieving greater transpar-
ency for the system'.1
The SIB's aim of extending its role in financial
services has been bolstered by HM Treasury's pro-
posal that much of the work that it currently
carries out in the field of securities regulation
should be transferred to the SIB. In particular the
SIB may take responsibility for overseeing the
activities of the London Stock Exchange's listing
department and for issues relating to the recogni-
tion of overseas stock exchanges wishing to
conduct investment business in the UK. Discus-
Page 82

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