Search Results for: UK law
Publication of the PRA and FCA review into the failure of HBOS
November 19th, 2015
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) are today publishing the review into the failure of HBOS Group. This review was originally started by the former regulator, the Financial Services Authority (FSA). Its purpose is ...
5 Ways The Paris Attacks Could Hit Europe’s Economy
November 16th, 2015
The consequences could be far-reaching–and not just negative. It is, of course, far too early to do anything more than speculate. But common sense says that there must be consequences for business and for the European economy from the ...
Foreign investors warn China e-trading proposal could sink Stock Connect
November 13th, 2015
Draft rules to curb high-speed trading blamed for China’s summer stock market crash could kill off billions of dollars of investment into China, global banks and investors have told Chinese regulators in a letter. Industry participants who signed off ...
Banks May Get Extra Time to Soften Up EU Financial-Market Rules
November 11th, 2015
European Commission considers postponing MiFID II start date Delay isn’t set in stone, European Parliament’s Ferber says Financial companies pushing back against Europe’s post-crisis market rule book for the past five years may get more time to chip away ...
David Cameron sets out EU reform goals
November 10th, 2015
David Cameron has outlined his four goals for reforming the UK’s membership of the EU, including restrictions on benefits for people coming to the UK. He said Britain faced a “huge decision” in the in/out referendum promised before the ...
Magic Circle firms lead on major City broking merger
November 10th, 2015
Clifford Chance and Allen & Overy (A&O) are orchestrating a tie-up between two of the City’s most storied brokers, ICAP and Tullett Prebon, as the market consolidates in response to low trading volumes and tougher regulations. Icap, which was ...
European stocks end lower as M&A hopes fade
November 10th, 2015
UniCredit may cut thousands of jobs; VW hit by downgrade European stocks finished lower Monday, hurt in part by disappointment over potential merger developments for InterContinental Hotels Group PLC and auto maker Renault SA. The Stoxx Europe 600 SXXP, -1.07% finished down ...
VW engineers admitted rigging CO2 emissions
November 9th, 2015
Engineers overinflated tyres, tampered with motor oil-Bild Company seeking to encourage staff to talk-source Non-executive board to meet on Monday to take stock of fallout (Adds details on amnesty, board meeting on Monday) Several Volkswagen engineers have admitted manipulating ...
HMRC imposes 45% corporation tax without warning
November 9th, 2015
The government have imposed a 45% corporation tax on restitution interest from 21 October without any warning or consultation. Corporations will be charged at the special rate of 45% instead of the normal 20% rate of corporation tax on restitution interest. Businesses ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
