Financial Regulatory Forum

BREAKINGVIEWS – UK bank tax could raise up to 3.6 billion sterling a year

March 24, 2010

— The authors are Reuters Breakingviews columnists. The opinions expressed are their own —

UK seeks to reassure businesses on corporate tax

March 1, 2010

By Adrian Croft

LONDON, Feb 22 (Reuters) – Britain launched a consultation on Monday aimed at giving companies more clarity on any likely changes to tax laws as it seeks to reassure multinationals that the UK remains a competitive place to locate their business.

INTERVIEW-UK’s Darling-breaking up banks not the answer

January 28, 2010

By Sumeet Desai

LONDON, Jan 28 (Reuters) – Breaking up banks and going it alone in reforming regulation is not the magic solution to avoiding future crises, British finance minister Alistair Darling told Reuters on Thursday.

BREAKINGVIEWS-Obama reforms could undermine global bank rules

January 25, 2010

G20/ By Peter Thal Larsen and Hugo Dixon

LONDON, Jan 25 (Reuters Breakingviews) – The overhaul of the global financial system has entered a new, more complicated phase. For two years, a fragile multilateralism has prevailed as the world’s largest economies agreed that changes should be designed and adopted on a global basis. The task of redesigning financial regulation was largely delegated to central bankers, regulators and other technocrats.

INTERVIEW-UK’s Darling says PBR measures show credible debt plan

December 10, 2009
UK's Darling: credible plan

UK's Darling: credible plan

    By Matt Falloon and Sumeet Desai
   LONDON, Dec 10 (Reuters) – The government’s pre-budget report will soothe concerns about Britain’s fiscal deficit and it would not be sensible to impose cuts any sooner, finance minister Alistair Darling told Reuters in an interview. (more…)

UK slaps tax on bank bonuses, to spread pain later

December 9, 2009

A trader looks at her screens before Britain's Chancellor of the Exchequer Alistair Darling's pre-budget speech, on a trading floor in London December 9, 2009.  Darling set the stage for the coming election, announcing on Wednesday a one-off super tax on bank bonuses and other higher taxes on the rich.    REUTERS/Andrew Winning (BRITAIN - Tags: BUSINESS POLITICS EMPLOYMENT)  By Sumeet Desai

LONDON, Dec 9 (Reuters) – Britain’s Labour government slapped a one-off levy on bank bonuses on Wednesday and said it would hike income tax for all but the poorest in 2011, delaying action to tackle a record deficit until after an election it is expected to lose.

UK Darling’s 2009 pre-budget report to parliament

December 9, 2009

Alistair Darling    LONDON, Dec 9 (Reuters) – Below are highlights from British finance minister Alistair Darling’s pre-budget report to parliament on Wednesday. (more…)

Darling says will not harm UK’s financial sector

December 7, 2009

 A man looks out over Hampstead Heath, with the City of London in the background October 29, 2009.   By Matt Falloon and Steve Slater

HORSHAM, England, Dec 7 (Reuters) – The British government will not do anything to hurt London’s financial prowess and would rather go too far with economic support measures than not go far enough, Finance Minister Alistair Darling said on Monday.

Draft UK bank law confirms tougher watchdog powers

November 19, 2009

Britain's Chancellor of the Exchequer Alistair Darling and his wife Margaret leave 10 Downing Street to attend the State Opening of Parliament, in central London November 18, 2009.       REUTERS/Suzanne Plunkett (BRITAIN POLITICS)By Huw Jones
LONDON, Nov 19 (Reuters) – Britain’s financial watchdog will have powers to claw back bank bonuses that breach globally agreed rules on remuneration and force hedge funds to provide data, a draft law published on Thursday showed.

G20 ministers to keep stimulus, seek ways to coordinate economies

November 6, 2009

Britain's Chancellor of the Exchequer Alistair Darling speaks at a Thomson Reuters newsmaker event in London October 21, 2009. REUTERS/Andrew Winning (BRITAIN BUSINESS POLITICS)   By Sumeet Desai
ST ANDREWS, Scotland, Nov 6 (Reuters) – The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.