Financial Regulatory Forum

   By Raji Menon
   LONDON, July 16 (Reuters) – Major UK institutional investors boadly welcomed David Walker’s report on improving corporate governance in banks, but baulked at the idea of the financial regulator monitoring fund managers’ compliance on engagment.
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    LONDON, July 16 (Reuters) – Following is recation to a UK government-sponsored review of the way the UK banking system is run and governed.
   David Walker, a former chairman of Morgan Stanley bank’s international unit, on Thursday published 39 recommendations for changes in the way banks are run, from pay policies to selecting board members, in a bid to apply lessons from the credit crunch.
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