Financial Regulatory Forum

UK’s FSA doubts value of high speed share trading

March 18, 2010

    LONDON, March 18 (Reuters) – Sophisticated forms of high-speed share trading have questionable value and may create risks for the market, Britain’s top financial regulator said on Thursday. (more…)

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.

UK lifts guarantee on Northern Rock deposits

February 24, 2010

BRITAIN-BANKS/   LONDON, Feb 24 (Reuters) – Britain’s Treasury has lifted its guarantee protecting retail deposits with nationalised Northern Rock, a decision that marks a milestone in the bank’s turnaround and draws a line under its troubles as it is prepared for sale. (more…)

UK mutuals close to agreement on capital -report

February 15, 2010

    LONDON, Feb 15 (Reuters) – Britain’s mutually-owned building societies are close to finalising details of an investment instrument that would meet new bank capital rules without compromising their mutual status, the Financial Times reported on Monday. (more…)

ANALYSIS-Carry trades fly onto regulators’ radar screens

By Reuters Staff
February 11, 2010

By Mike Dolan
   LONDON, Feb 11 (Reuters) – As governments seek to root out and smother what they see as excessively risky and questionable financial market activity, the world of so-called currency “carry trades” has found its way onto their radar. (more…)

ANALYSIS-Carry trades fly onto regulators’ radar screens

February 10, 2010
Turner says carry trades 'economically valueless'

Turner says carry trades 'economically valueless'

    By Mike Dolan
   LONDON, Feb 10 (Reuters) – As governments seek to root out and smother what they see as excessively risky and questionable financial market activity, the world of so-called currency “carry trades” has found its way onto their radar. (more…)

UK FSA head says credit expansion must be controlled

February 8, 2010

BANKS-REGULATION/    PARIS, Feb 8 (Reuters) – The expansion of credit to fund the purchase of existing assets needs to be more carefully controlled, Adair Turner, the chairman of Britain’s Financial Services Authority said in a newspaper interview on Monday. (more…)

UK’s Darling calls for global coordination -report

February 5, 2010
Darling: don't go it alone

Darling: don't go it alone

    MILAN, Feb 5 (Reuters) – British Finance Minister Alistair Darling reiterated that breaking up banks and going it alone was not the way to fight the crisis, preferring global coordination, he told Italian daily Il Sole 24 Ore in an interview on Friday. (more…)

Britain studying high-frequency trading concerns

February 3, 2010
Myners: concern over high frequency trading

Myners: concern over high frequency trading

    By Huw Jones
   LONDON, Feb 3 (Reuters) – Britain is studying the growth of high-frequency share trading to see if regulatory action is needed, a government minister said on Wednesday. (more…)

UK to strike balance on living wills reform-Myners

December 16, 2009
Myners: living wills

Myners: living wills

    LONDON, Dec 16 (Reuters) – Britain is aware of the rising cost of greater regulation for financial firms and will strike “the right balance” between cost and benefit of reform, Treasury minister Paul Myners said on Wednesday. (more…)