The end of corporate hospitality?

The end of corporate hospitality?

Readers of Investment Week were quick to attack the regulator last week after our exclusive story suggested the Financial Conduct Authority (FCA) would like to eventually impose a ban on corporate hospitality.

Tamara Cizeika of London law firm Allen & Overy told a packed conference she expects the FCA’s stance on inducements will only harden over time, eventually leading to an end to corporate hospitality entirely. Truth be told, this policy is already being felt across the City. Fund groups have already become much more cautious on the subject – perhaps because the FCA’s current pronouncements are less than crystal clear. Lunches, dinners, even coffees with the same client more than once in a month are all now being diligently logged as financial services staff are forced to jump through y...