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…)
Financial Regulatory Forum
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.
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…)
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…)
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…)
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…)
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…)
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…)
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…)