If the FCA is given a mandate for competitiveness, it could set us up for a 2008 re-run July 19, 2022 The Financial Services and Markets Bill is set to be published this week, to reshape our future outside of the European Union. But even with newfound freedom, we must not forget the lessons of the financial crisis. The UK has a chance to rethink the rules that shape our critical finance sector. In the face [...]
Brexit: Truss wants ‘call in’ power to allow ministers to overrule City regulators August 10, 2022 Liz Truss wants to give ministers the power to overrule decisions made by the UK’s financial services regulators in a move that is set to create serious tensions with the Bank of England. The Tory leadership frontrunner wants to revive the policy, which was recently ditched by the Treasury, as a part of the government’s [...]
Adam Smith 300: Adam Smith Institute founder Dr Eamonn Butler on how morality guided the father of economics June 19, 2023 Nobody changed the dismal science of economics quite like Adam Smith, the Scottish philosopher, author of The Wealth of Nations and The Theory of Moral Sentiments, and father of market economics. June marks the 300th anniversary of Smith’s baptism – nobody quite knows his actual birthday – and to mark the occasion, German historian and [...]
City minister defends ‘safety valve’ call-in power over financial regulators October 11, 2022 A proposed new power that allows Whitehall to overrule financial regulators will only be a “safety valve”, City minister Andrew Griffith has said. Griffith told a Westminster committee today that the new call-in power would only be used “sparingly” in the face of concerns that it will reduce the independence of the UK’s regulators. The [...]
Mitie-Interserve deal to face competition probe September 15, 2020 The UK’s competition watchdog today announced that it was launching an investigation into whether Mitie’s acquisition of fellow outsourcing giant Interserve’s facilities management business could damage competition. Back in June Mitie signed a £271m deal with its rival for the division, which will create a giant new entity with more than 80,000 employees. The move [...]
What we were able to change with the Financial Services and Markets Bill – part two June 27, 2023 Part two on the changes that have been made to the Financial Services and Markets Bill focuses on regulator accountability.
What can the Premier League learn from NFL and the Super Bowl? February 17, 2024 Richard Davies, Partner at Charles Russell Speechlys, on the lessons the Premier League can learn from the Super Bowl. Few events rival the commercial juggernaut that is the Super Bowl. Year after year, this American spectacle captivates audiences worldwide, boasting unparalleled viewership and revenue. While the Premier League stands as a commercial powerhouse in its [...]
Deliveroo appoints Goldman Sachs to oversee London float October 5, 2020 Deliveroo has appointed Goldman Sachs to oversee its long-awaited London flotation, according to reports, in a move that would value the UK food delivery company at more than £2bn. The Amazon-backed startup is expected to debut on the London stock market next year following discussions with the investment banking firm, Sky News reported. Deliveroo declined [...]
Lloyd’s of London aims to attract billions in capital via launch of new investment vehicle August 4, 2022 Lloyd’s of London has set out plans for the launch of a new investment vehicle, with a view to drawing in billions from institutional investors. The London insurance market today announced plans to set up a second protected cell company (PCC) following the successful launch of its London Bridge Risk PCC vehicle last year. [...]
Truss believes City is ‘growth engine’ of the economy, says former minister September 8, 2022 Liz Truss believes the City is the “best growth engine in the UK” and is preparing to lean on the financial sector to achieve her political agenda, a former minister said today.