Boris Johnson warns EC on new hedge fund rules July 9, 2009 BORIS Johnson accused the European Commission (EC) of trying to “strangle” the City with its draft directive on regulation of hedge funds. The London mayor said the EC’s proposals threatened to drive alternative investment managers out of the City, where 80 per cent of Europe’s $300bn (£184bn) in hedge fund assets are managed. Private equity [...]
BORIS: ORGY OF CITY BASHING MUST STOP June 16, 2009 LONDON Mayor Boris Johnson yesterday leapt to defend the financial services industry, arguing that politicians and the City needed to be “far more vociferous” in opposing regulations dictated by the European Union. Speaking at the Confederation of British Industry’s (CBI) annual summer lunch, Johnson said: “It is crazy that we are so passively and supinely [...]
There must be no second thoughts on Crossrail May 17, 2009 TODAY marks a seminal point for the City as the House of Lords discusses the Business Rate Supplements Bill. A bill affecting payments from businesses will clearly always be of huge relevance to the prospects for City firms but this is doubly important because it will determine the future of the Crossrail project. The bill provides the [...]
There must be no second thoughts on Crossrail May 17, 2009 TODAY marks a seminal point for the City as the House of Lords discusses the Business Rate Supplements Bill. A bill affecting payments from businesses will clearly always be of huge relevance to the prospects for City firms but this is doubly important because it will determine the future of the Crossrail project. The bill provides the [...]
GLAMOUR GALORE AT ASCOT’S LADIES DAY June 18, 2009 IT WAS Ladies’ Day yesterday at Royal Ascot, traditionally the most hotly-anticipated event in the calendar for dressing up to the nines. As usual, the racegoers didn’t let us down – among the extravagant hats on show were a blackbird, a giant ice-cream cone, a creation made out of 800 marshmallows, and even a headdress [...]