Financial Regulatory Forum

COLUMN – UK Bribery Act guidelines: has the lobbying worked?

By Guest Contributor
April 5, 2011

By Helen Parry,   senior regulatory intelligence expert, Complinet. The views expressed are her own.

UK seeks to reassure businesses on corporate tax

By Reuters Staff
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.

Bank of England’s King says UK, US closer than EU on regulation

By Reuters Staff
February 12, 2010
It's closer across the Atlantic

It's closer across the Atlantic

 (Updates with more quotes, details from report)

LONDON, Feb 12 (Reuters) – Britain and the United States are more convinced of the need to force banks to hold more capital than some big European nations, Bank of England Governor Mervyn King told the Council for Financial Stability last month.

France joins UK to target traders in bonus tax move

By Reuters Staff
December 16, 2009

By Sudip Kar-Gupta and Sumeet Desai

PARIS/LONDON, Dec 16 (Reuters) – France singled out frontline financial traders for a special 50 percent tax on bonuses, following Britain by tapping into public anger over the pay deals of bankers whom many blame for the financial crisis.

Banks expected to swallow most of new UK bonus tax

December 11, 2009

By Steve Slater

LONDON, Dec 11 (Reuters) – Banks are likely to swallow the bulk of the cost of a shock UK tax on bonuses unveiled this week, rather than pass it on to staff or find loopholes, as more countries join the clampdown on payouts, industry experts and sources said.

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 bank bailout cost hits 850 billion sterling – watchdog

By Reuters Staff
December 4, 2009

banking_landing_page_image By Kirstin Ridley

LONDON, Dec 4 (Reuters) – The price tag for bailing out UK banks has hit 850 billion pounds ($1.4 trillion) but Britain’s spending watchdog says the final cost to taxpayers will not be known for years.

Britain to make it easier to sue banks – government source

By Reuters Staff
November 16, 2009

LONDON, Nov 16 (Reuters) – The British government will this week outline legislation allowing consumers to group together to claim damages from financial institutions that mislead customers over financial products, a government source said on Monday.

Britain’s top retail banks set for shake-up

By Reuters Staff
November 3, 2009

  LONDON, Nov 3 (Reuters) – Britain is set to announce on Tuesday a long-awaited deal with its bailed-out banks, including a record rights issue for Lloyds Banking Group and hefty disposals for Royal Bank of Scotland to appease the EU competition regulator and boost competition.

Iceland says has new repayment deal with UK, Holland over deposit losses

October 19, 2009

Iceland's Prime Minister Johanna Sigurdardottir smiles before a vote on the controversial "Icesave bill" in Reykjavik August 28, 2009. (File Photo) REUTERS/Ingolfur Juliusson By Omar Valdimarsson
REYKJAVIK, Oct 18 (Reuters) – Iceland said on Sunday it had agreed to a new deal to repay Britain and the Netherlands billions of dollars of deposits lost when the island’s banks collapsed in 2008, paving the way for new aid from international lenders.
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