The ‘biggest climate law ever’? What CBAM means for the UK December 19, 2023 “The biggest climate law ever in Europe, and some say in the world,” Peter Liese, lead negotiator for the European Parliament said. In reference to the Paris Agreement? Europe’s New Green Deal? Biden’s IRA? Nope – Liese was describing the carbon border adjustment mechanism, known to nerds by the catchy acronym CBAM. This wonkish-sounding legislation [...]
Leading lawyer Rachel Kent appointed by Treasury to oversee City watchdog scrutiny December 18, 2023 "The financial services regulators have a significant impact on millions of consumers and firms and it is important that they are subject to effective scrutiny," Kent said.
Exclusive data: 2024 sees rise of ESG, group actions and insolvency disputes December 18, 2023 London litigation lawyers predict environmental-related cases, group actions and insolvency disputes to increase next year. In exclusive data shared with City A.M. from the London Solicitors Litigation Association (LSLA), the majority of litigants surveyed (65 per cent) envisaged an increase in environmental/environmental, social, and governance (ESG) claims. John McElroy, a committee member of the LSLA [...]
Airbus and Rolls-Royce ink multi-billion pound deal to build planes for Turkish Airlines in the UK December 15, 2023 Airbus and Rolls-Royce have today announced they have been picked by Turkish Airlines to supply the carrier with 220 new aircraft.
Jacob Rees-Mogg’s Somerset Capital didn’t fail because of his politics December 15, 2023 The demise of Somerset Capital, the London-based emerging markets boutique co-founded by ex-Brexit minister Jacob Rees-Mogg, has sparked concerns about how his divisive brand of politics might have played in its downfall. Back in 2018, Rees-Mogg faced probing questions when it emerged that Somerset Capital had launched a new fund in Dublin amid concerns about [...]
Mark Kleinman: LSE chiefs must seize Shein opportunity December 14, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Boris Johnson play Pandemonium is a panto for politics nerds December 13, 2023 The audience participation, and disco-dancing finale, make Pandemonium an unlikely but fitting alternative to a Christmas panto.
Regulator to clamp down on post-Brexit credit and debit card fees December 13, 2023 An “unduly high” surge in credit and debit card interchange fees has cost UK businesses an extra £150m to £200m in the past year, the Payment System Regulator (PSR) has found. As a result, the regulator has proposed a price cap to protect UK businesses from overpaying, as it believes a significant raise in fees [...]
Unwanted by voters and MPs, Sunak’s Rwanda policy fails every basic political test December 13, 2023 Unpopular with voters, the opposition and his own MPs alike, Sunak's immigration policy has always been misguided, writes Josh Williams.
Banks to face ‘very serious consequences’ if they lie on ‘debanking’, FCA chief warns December 12, 2023 Banks will face "very serious consequences" if they are found to have lied about cases of so-called "debanking", the City watchdog’s chief warned today, as the fallout from a row between Nigel Farage and Natwest earlier this year continues.