Publisher's Synopsis
Lloyds is a major international UK financial institution that has undergone enormous reforms in the last decade. The first edition of this book reported on those reforms that had occurred up to 1985. Since then further reforms based on the recommendations of the Neill Committee have been implemented. This edition aims to bring the review of reforms and their effectiveness up-to-date.;Based on an examination of the accounts on public file at Lloyds, the book provides discussion of the conceptual and practical problems of accounting for Lloyds' syndicates and the usefulness of the disclosures now required by Lloyds' Bylaws and the procedures of self-regulation. It considers what further developments may now be needed if the accountability of syndicates to names is to continue to match the developments in company accounting.
