Editorial

Ellie Patsalos Global Tax Head of Financial Services Deloitte & Touche LLP introduces this special mini-issue on banking

Financial institutions and the banking sector in particular are facing one of the most challenging periods in recent memory. Much has been reported about the global credit crisis over the past twelve months with recent events such as the Bradford and Bingley situation underlining that things may have to get worse before they get better. Facing ever-greater regulation and competition banks and other financial institutions must be more inventive to maintain a competitive edge and improve earnings whilst balancing these needs with the inherent risks. In the following series of articles practitioners from our Banking Tax Team examine some of the key tax issues that are facing the sector...