In this podcast Martin Upton of The Open University Business School provides a summary of some of key changes to the regulation of financial services that have unfolded since the May 2010 General Election.

Transcript -- Reform in the Financial Services Industry

The financial crisis of 2008 has been widely blamed on poor regulation of financial institutions and the bonus driven casino culture. So what measures are the new coalition Government taking to ensure a crisis on this scale doesn’t happen again? Martin Upton of The Open University Business School’s Centre for Accounting & Finance examines the new Government’s initial policy initiatives for the financial services industry - policies that include controls on bankers' bonuses. This podcast was recorded after the Queen’s speech - which set out the Government's policy agenda for the parliamentary session following the UK General Election on May 6th 2010  - and the subsequent emergency Budget Statement on 22nd June 2010. This material is taken from The Open University module BD131, Introduction to Financial Services.