Outgoing CMA chief still has ‘anxiety’ about the path of competition regulator July 28, 2022 Outgoing chief of the competition watchdog Andrea Coscelli has said he still has “anxiety” about the UK’s regulatory position.
Election 2024: Why the major parties are right to prioritise the small business vote June 13, 2024 With the election manifestos coming in thick and fast, economists and politicos will be drilling down into the detail.
UK watchdog to accuse KPMG of breaches in Carillion audit September 21, 2020 The UK’s accountancy watchdog has said it has delivered an initial report of KPMG’s audit of collapsed outsourcer Carillion, indicating it found a number of breaches made by the firm. After a preliminary investigation, the Financial Reporting Council would either close the enforcement case or, if breaches have been found, deliver an initial investigation report. [...]
Liz Truss-backed economists say minimum wage is ‘destroying jobs’ – and call for cut November 14, 2023 Growth Commission co-chairman Douglas McWilliams told an event in Westminster that the current minimum wage level was “destroying jobs”.
Chinese tech giants including TikTok owner reveal algorithms amid scrutiny August 16, 2022 A string of Chinese tech giants have been pushed to share details of their algorithms with Beijing’s cyberspace watchdog amid increasingly scrutiny in China. Some 30 companies, including Alibaba, Tencent and TikTok-owner ByteDance, today had descriptions of their algorithms published by the Cyberspace Administration of China. The Chinese regulator is expected to regularly update the [...]
Lloyds, HSBC, Barclays and Natwest set to report lower profits – but doubts over rate cuts could lift lenders April 20, 2024 The UK's biggest banks are set to report lower profits and narrower margins in the coming weeks as the interest rate tailwind which pushed their earnings to a record high last year dies down.
The City View: Innovate Finance summit roundup, and two Lidl adverts banned April 6, 2022 Today Andy Silvester chats to City A.M. reporter Charlie Conchie, and whistles through the main headlines you need to know. Andy and Charlie go through this week’s fintech Innovate Finance summit — they discuss the London Stock Exchange CEO’s comments yesterday on bosses needing a pay boost; Ron Kalifa’s views on the mindset shift needed [...]
Proposals to relax rules for small banks in UK a ‘game-changer’ despite US regional banking crisis May 30, 2023 Experts were quick to praise proposals to relax rules on smaller domestic banks as the consultation on the so-called ‘strong and simple regime’ came to an end today. The proposals include simplifying disclosure and liquidity rules for domestically focused banks with less than £15bn in assets.. The rules, the Prudential Regulation Authority (PRA) said, aim [...]
Bitcoin highs and lows tread a tight margin as investors await today’s interest rate call July 26, 2023 Yesterday’s highs and lows for the market leader were both around the $29k level, with Bitcoin today sticking to the same price range.
Let’s talk Aviva: Smaller but richer insurance firm is looking to grow again September 29, 2021 It has been an interesting couple of months for insurance firm Aviva. The City giant sacked its fund manager and was dragged into a leasehold agreement affair it had hoped to avoid. Nevertheless, following a year of cutting costs and selling foreign assets, Aviva feels confident about the future. The company is firmly on investors’ [...]