Search Results for: HM Treasury
Financial Policy Committee statement from its policy meeting, 23 March 2016
March 29th, 2016
1. The Bank of England’s Financial Policy Committee (FPC) assesses the outlook for financial stability by identifying the risks faced by the financial system and weighing them against the resilience of the system. In doing so, its aim is to ...
Drinks makers consider legal action against sugar tax
March 21st, 2016
New tax will add 24p a litre to soft drinks with the highest sugar content and cost £1bn to implement Soft drink makers are considering taking legal action against the government over its controversial sugar tax as George Osborne’s ...
Andrew Bailey appointed as new Chief Executive of the FCA
January 26th, 2016
HM Treasury have today announced the appointment of Andrew Bailey as the new permanent Chief Executive of the Financial Conduct Authority (FCA). Andrew is currently the Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive ...
MiFID II – the road ahead
October 22nd, 2015
The financial Conduct Authority (FCA), the financial regulator of UK, has published a Speech by David Lawton, Director of Markets Policy and International, FCA, delivered at the FCA MiFID II Conference, London. David Lawton, Director of Markets Policy and ...
UK government sold £2.08 billion of shares in Royal Bank of Scotland
August 5th, 2015
UK government takes first step to Privatizing Royal Bank of Scotland Group The UK bailed out RBS in 2008 and 2009 by buying shares for £45bn and supplying it with cheap funds. It sold its stake at 330p a share, ...
ACCA: Be aware of financial activity alarm bells, warns CCAB Anti Money Laundering Task Force
July 1st, 2015
Accountants’ ‘professional scepticism’ is the first line of defence in tackling money laundering and terrorist financing, says guidance issued today by the Anti-Money Laundering Taskforce of CCAB, the collective forum of accountancy bodies ICAEW, ACCA, ICAS, CIPFA and Chartered ...
Bank of England disarray in the face of financial crisis
January 7th, 2015
The full extent of the Bank of England’s emergency action to prevent the collapse of the banking system is revealed on Wednesday as it releases previously secret documents detailing its frantic day to day efforts to prop up high ...
New Payment Systems Regulator sets out how it will regulate the £75 trillion industry
November 14th, 2014
The new Payment Systems Regulator (PSR) today sets out how it proposes to regulate the £75 trillion payments industry when it becomes fully operational on 1 April 2015. The proposals will further the PSR’s three objectives: to promote competition, ...
Corporation tax and CGT
August 1st, 2014
Summarize of the key measures in Finance Act 2014, Andrew Goodall sets out the main corporation tax and capital gains tax provisions in part one of the act. Corporation tax Rates Finance Act 2013 fixed the main rate for ...
FCA finalises rules to improve the protection of client money and custody assets
June 10th, 2014
The Financial Conduct Authority (FCA) has announced in a press release that it has finalised changes to the client money and custody assets (client assets) rules. These changes affect approximately 1,500 FCA regulated firms that carry out investment business, ...
