Financial Regulatory Forum

UK’s FSA doubts value of high speed share trading

    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 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.

“Businesses want certainty on tax. That is why today I have set out, in collaboration with UK business, the government’s key principles for tax policy and how we will engage with business when developing tax policy,” finance minister Alistair Darling said.

The framework aims to ensure that UK tax is competitive, fair, minimises distortions to commercial decisions, and is predictable and simple with low compliance costs, the finance ministry said.

UK lifts guarantee on Northern Rock deposits

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

    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 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

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

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

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

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

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…)

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