MPs to hold hearing on UK veto
Friday 16 Dec 2011 | [email protected] UK MPs are to hold an inquiry into the eurozone crisis and David Cameron’s veto of the new EU treaty and have invited chancellor George Osborne and foreign secretary William Hague to give evidence at the hearing.
Basel outlines credit protection supervision
Friday 16 Dec 2011 | [email protected] Supervisors will take into account the cost of credit protection that has not yet been recognised in earnings when assessing a bank’s capital adequacy under Basel standards.
Turner turns on US banks & lawmakers
Thursday 15 Dec 2011 | [email protected] Britain’s top financial regulator has accused American congressmen, banks and financial sector lobbyists of trying to hamper the work of US regulatory agencies.
Davies on London vs the eurozone
Wednesday 14 Dec 2011 | Howard Davies / Project Syndicate
Howard Davies, former chairman of Britain’s Financial Services Authority, says David Cameron’s veto was a ‘big gamble’, given that the UK now appears to be shuffling towards the EU exit.
In focus: Controlled foreign companies overhaul
Wednesday 14 Dec 2011 | Jonathan Hornby
The UK is to see some of the most sweeping reforms to its foreign controlled company regime since the 1980s, writes Jonathan Hornby, senior director at law firm Alvarez & Marsal Taxand, with knock-on effects for banks and other financial firms.
KPMG: Omnibus delay is ‘another blow’
Wednesday 14 Dec 2011 | [email protected] KPMG has hit out at the European Parliament’s delay to Omnibus II rules which are crucial to implementing the Solvency II directive saying it is “another blow” to the insurance industry.
Two-thirds of city executives back veto
Wednesday 14 Dec 2011 | [email protected] Two thirds of senior executives at financial firms in Britain back Prime Minister David Cameron’s decision to veto a new European treaty on Friday, even if it ends up reducing their access to the EU single market.
MEPs blast Britain over ‘blackmail’ bid
Tuesday 13 Dec 2011 | [email protected] Senior EU parliamentarians have lashed out at the UK for trying to “blackmail” the rest of the European Union into accepting an opt-out on financial regulations for the City of London.
Hoban: ‘Light-touch’ regs led to RBS fall
Tuesday 13 Dec 2011 | [email protected] The UK’s Treasury minister says that a “catalogue” of regulatory failures led to the near collapse of one of the world’s largest banks, blaming the “light-touch” approach of the previous government.
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