DIARY: IPR’s Financial Group take action to avoid being left holding the baby

As my picture shows the IPR’s City and Financial Group summer party was a family affair. The three men and a baby are (left to right) Dale Fishburn, chairman of Fishburn Hedges, Stewart Prosser, chairman of the City and Financial Group and John Gapper, media editor of the FT with daughter.

As my picture shows the IPR’s City and Financial Group summer party

was a family affair. The three men and a baby are (left to right) Dale

Fishburn, chairman of Fishburn Hedges, Stewart Prosser, chairman of the

City and Financial Group and John Gapper, media editor of the FT with

daughter.



The event, which attracted 200 people, was held at the People’s Palace

Restaurant on the banks of the Thames. While everybody had a good time

at the champagne-fuelled evening, a few serious issues were raised.



Apparently the group’s membership is split on the issue of the tighter

regulation of financial PR. The group’s committee was hoping to get the

majority of its membership behind its campaign for tighter regulation

and consultation with decisions makers on the issue. By October the

group will have held more detailed discussions with super-regulator the

Financial Services Authority during its open consultation period but

Prosser pointed out on the evening that the industry needs consensus

soon. If the current impasse continues Prosser tells me that he’s

gearing up for a final High Noon-style confrontation with members.



’The FSA’s Howard Davies is speaking to the group in a couple of

weeks.



Perhaps that will be the catalyst to prompt a final showdown,’ said

Prosser.



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