Plans to boost scrutiny of regulators don’t go far enough, experts argue May 24, 2023 New plans to boost oversight of financial regulators have been criticised by experts, as the government responds to concerns that watchdogs face too little scrutiny. Earlier this week, the it was reported that the Treasury is planning to beef up the Financial Regulators Complaints Commissioner (FRCC) in order to more robustly hold regulators to account. [...]
EU remains firm on post-Brexit clearing plans despite pressure on both sides of the Channel May 24, 2023 The EU is set to reject calls to rethink its approach to the clearing business despite mounting pressure on both sides of the Channel. The EU’s financial services commissioner Mairead McGuinness said the plans were vital to the EU’s “financial resilience”. “I want to underline that this matter is actually not so much about Brexit. [...]
All of the London mayoral election candidates we deserve, but won’t get May 24, 2023 As candidates to be the new Mayor of London pile in, I have some non-political suggestions to make. They include Stormzy and Adele among others who deeply care about our capital, writes Michael Martins
Ignore the ideologues, we should take our time to get rid of EU laws and do it right May 23, 2023 Kemi Badenoch did right in facing down the critics and moving the goalposts to scrap EU legislation. We need to have enough time to ensure we do it the right way, writes Bim Afolami
City breathes sigh of relief: Draft MoU on post Brexit UK-EU financial services welcomed May 23, 2023 Figures in the City seemed to breathe a sigh of relief following the publication of a draft memorandum of understanding (MoU) on financial services between the UK and EU last week. Released last Friday, the agreement commits the two to “jointly endeavour to pursue a robust and ambitious bilateral regulatory cooperation in the area of [...]
Sadiq Khan hosts crunch business talks with City figures May 23, 2023 Sadiq Khan has warned London’s businesses are facing “the most difficult period in living memory” as a result of Brexit, the Covid-19 pandemic and the inflation crisis. The Mayor of London has called for the government to devolve some immigration powers to City Hall as a means of tackling regional labour shortages sparked by the [...]
Do FTSE 100 bosses need more money? May 23, 2023 A debate is raging in the Square Mile over how much executives are paid - do UK firms need to pay more money to attract the best talent?
Sadiq Khan: London needs more powers to ensure its businesses thrive post-Brexit May 23, 2023 Businesses in London are struggling to attract the right talent post-Brexit. To ensure the Square Mile remains the most competitive financial system, London needs more decisional power, writes Sadiq Khan
Jeremy Hunt and Rishi Sunak’s profit tax rise to hit investment, survey finds May 22, 2023 Jeremy Hunt and Rishi Sunak’s corporation tax hike is poised to squeeze the UK economy by mothballing investment, new figures out today show. Nearly half of all mid-sized companies intend to shelve big spending projects due to the Chancellor and Prime Minister snatching a greater share of company profits, according to consultancy BDO. Last month, [...]
To achieve a strong semiconductor strategy, we need to keep Taiwan safe May 22, 2023 Our collaboration with Japan will boost our semiconductors' strategy. But if we want to be resilient in that sector, we have to protect Taiwan from a Chinese threat which won't go away, writes Eliot Wilson