Tory leadership: Pledges of ‘wealth creation’ and red tape cuts in speeches October 1, 2024 Promises to champion “wealth creation” and slash red tape will be offered to party members as the four candidates vying for the Tory leadership give their keynote conference speeches. Kemi Badenoch, James Cleverly, Robert Jenrick and Tom Tugendhat will take to the main stage at the Conservative Party’s annual event in Birmingham on Wednesday morning [...]
Bank of England mulls ‘further steps’ to boost City’s global competitiveness September 26, 2024 The UK's banking regulator is mulling "further steps" to boost the City's international competitiveness as one of its top brass hailed a "broadly welcoming" response to its softening of bank capital rules.
Good riddance Woke Capitalism. We can get back to business now September 26, 2024 The era of ESG and DEI finally seems to be waning, thank god! So why can't Britain also let Woke Capitalism go, asks Fred de Fossard.
Regulation in the UK a ‘web of complexity’ and harming innovation says think tank September 25, 2024 A leading think tank has called for the government to create a ‘call-in’ power to overrule regulators’ decisions, warning that Britain’s approach to tech regulation is harming innovation and investment in the sector. In a new report, right-leaning think tank Onward described the UK’s patchwork of “under-resourced” and “overstretched” regulators as spinning a “web of [...]
FCA boss: Watchdog’s mindset ‘is changing’ on financial advice September 24, 2024 The Financial Conduct Authority (FCA) has said its “mindset is changing” as it attempts to make financial advice more accessible to consumers. The watchdog is aiming to shift the way it regulates to take a “more outcomes-based approach”, said Sarah Pritchard, executive director of markets and international at the FCA, in a speech today. With [...]
Why Google faces millions in fines from global regulators September 24, 2024 Google is up against the growing wrath of regulators worldwide, as it faces the possibility of millions in fines for alleged anti-competitive practices. According to Bloomberg, the EU is preparing to investigate Google’s conduct in the digital marketplace, including whether it preferences its own services, such as Google Flights and Google Hotels, in search results. [...]
The Notebook: Labour is charting a dangerous course on free speech September 10, 2024 Labour's proposed expansion of the Online Safety Act is a troubling step for free speech, writes Big Brother Watch director Silkie Carlo.
The trading floor drama Industry overlooks August 23, 2024 Industry, the BBC’s sex and drugs fuelled City drama, is missing one crucial aspect of life on a trading floor, says Matt Smith Sex, drugs and insider trading are back as Industry season three hit our screens earlier this month. But in the City, the exchange of trading tips between wrongdoers isn’t just a sub-plot [...]
Regulation in Sport: Genetic make-up, ECB and Premier League August 17, 2024 As 2024’s major summer of sport unfolds, so does general interest in sports regulation. With events like the Olympic Games and the Euros, public scrutiny of the rules and commercial interests surrounding sports has never been higher. The regulatory landscape is poised for significant changes, with key events expected to shape societal issues within sports, [...]
The Notebook: If Reeves wants the City onside, she must be clear on her vision July 31, 2024 Where the City’s movers and shakers have their say. Today, it’s Lucy McNulty, editor of the Following the Rules podcast, with the pen, talking Treasury-City relations, buy now, pay later, and her pick of the podcasts The City needs a clear vision The decision by Chancellor Rachel Reeves to create a Treasury unit focused on [...]