Financial Regulatory Forum

UK government rejects brokerage complaints over “bullying” by rescued banks

November 17, 2009

A video grab image shows Britain's City minister Paul Myners speaking at a Treasury Committee in London March 17, 2009.     REUTERS/Parbul TV Via Reuters TV  (BRITAIN BUSINESS POLITICS) LONDON, Nov 17 (Reuters) – Britain’s government has batted away complaints from three top brokerages about “bullying” and unfair competition by bailed-out lenders, telling them to make a virtue of their independence or seek help from the consumer watchdog.

UK consumer watchdog says will keep banks competitive

July 29, 2009

LONDON, July 29 (Reuters) – Britain’s consumer watchdog vowed on Wednesday to ensure the government did not harm long-term banking competition in its efforts to shore up financial markets and sell state-owned bank assets.