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Loose regulation allows insolvency to be 'weaponised' as APPG report casts shadow over industry

A weak regulatory system and a lack of accountability enable the insolvency industry to be “weaponised” by banks for financial gain, according to Kevin Hollinrake MP, co-chair of the All-Party Parliamentary Group (APPG) for Fair Business Banking.

Loose regulation allows insolvency to be 'weaponised' as APPG report casts shadow over industry
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Hollinrake’s warnings follow the APPG’s release of a report earlier today denouncing deeply-rooted failings within the insolvency industry and calling for a quick regulatory clampdown on the sector’s “Wild West” practices.

Read more at Accountancy Age.

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