LONDON, July 20 (Reuters) – Britain’s financial watchdog has warned banks that guaranteed bonuses that last longer than a year will break proposed rules on remuneration due to come into force next January.
Financial Regulatory Forum
By Raji Menon
LONDON, July 16 (Reuters) – Major UK institutional investors boadly welcomed David Walker’s report on improving corporate governance in banks, but baulked at the idea of the financial regulator monitoring fund managers’ compliance on engagment.
LONDON, July 16 (Reuters) – Following is recation to a UK government-sponsored review of the way the UK banking system is run and governed.
David Walker, a former chairman of Morgan Stanley bank’s international unit, on Thursday published 39 recommendations for changes in the way banks are run, from pay policies to selecting board members, in a bid to apply lessons from the credit crunch.
By Kirstin Ridley
LONDON, July 9 (Reuters) – Britain’s top financial watchdog said on Thursday it was on track for introducing tough new liquidity rules for banks from the fourth quarter, but full implementation would depend on the economic climate.
LONDON, July 9 (Reuters) – Britain’s financial regulator plans to expose any failings in the way banks and insurers handle complaints by forcing them to reveal how many gripes they receive and how quickly they are dealt with.
By Huw Jones
LONDON, July 8 (Reuters) – Britain will tighten up how it supervises banks, scrutinise bonuses paid to their employees and punish misconduct harder as it tries to prevent a re-run of the credit crunch, the government said on Wednesday.
LONDON, July 4 (Reuters) – British finance minister Alistair Darling said “kamikaze” bankers brought the financial system to the point of collapse and regulators would get new powers to probe banks’ affairs.