Financial Regulatory Forum

FACTBOX – UK parties’ policies on banks, bonuses, M&A, jobs

LONDON, April 14 (Reuters) – Britain’s three main political parties have published their manifestos ahead of a general election on May 6.

Below are details of their business policies in areas such as banking, regulation, acquisitions, executive bonuses and job creation.

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Europe welcomes Obama bank plan, won’t imitate it

By Keith Weir and Crispian Balmer

LONDON/PARIS, Jan 22 (Reuters) – Major European economies offered support on Friday for U.S. President Barack Obama’s plan to limit banks’ size and trading activities but indicated they had no plans to follow suit.

Obama’s dramatic proposals could rewrite the world financial order but experts said they were light on detail and could cloud the global approach fostered by the Group of 20 nations.

The European Union will not imitate Obama’s plan, because it aims to reduce risk in the sector through other means, an EU source said on Friday.

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