The Association of Financial Markets in Europe (AFME) today issued the following statement in response to the publication of the final report of Sir Richard’s Lambert’s Banking Standards Review.

Sir Richard Lambert and his team have taken on board many of the issues raised at the consultation stage; particularly in clarifying the relationship between the regulatory regime and monitoring professional standards, and in clearly defining the remit of the new body, both geographically and organisationally. We particularly welcome his statement that the free movement of talent in and out of the City of London should not be constrained.

We will discuss the report with our members, and look forward to working with Sir Richard and his team in the next phase of their work.

‐ENDS‐