Abstract
During the last decade there have been many changes in the regulation of UK financial institutions designed both to increase competition and, through ‘self-regulation’, to improve accountability to clients and providers of capital. Much of the regulatory framework imposed by the state is embodied in the Financial Services Act 1986 (FSA) and in the related legislation for individual financial sectors, and the associated reporting and audit requirements emphasize the central importance of adequate financial reporting and financial controls.
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Gwilliam, D., Hoskin, K., Macve, R. (1992). Financial control in the financial services industry: The case of Lloyd’s of London. In: Ezzamel, M., Heathfield, D. (eds) Perspectives on Financial Control. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-3053-8_9
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DOI: https://doi.org/10.1007/978-1-4899-3053-8_9
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