3
Oct
AMI welcomes Cameron reform pledge
The Association of Mortgage Intermediaries (AMI) has welcomed the
intervention of Conservative leader David Cameron in the debate
about regulating the financial sector.
In its response to the keynote conference speech made by Mr Cameron
this week, the AMI said it was pleased with his "broad sentiments",
particularly concerning "sound money".
The AMI added that it has been calling since last summer for
government intervention in the mortgage markets but said this
needed to be focused on capital markets.
Instead, there has been too much regulation of the inappropriate
kind, focused on the wrong areas, it added.
Mr Cameron pledged this week that he would work with the government
in bringing forth any reforms that may help improve the economy and
the property market.
During his speech, the Conservative leader said Gordon Brown had
been wrong to remove the power of the Bank of England to regulate
financial markets in 1997.
