World’s biggest natural soda ash producer plots rare London listing in boost to the City May 31, 2023 The world’s biggest soda ash producer has revealed plans for a rare London listing today in a boost to the London Stock Exchange after a barren period to start the year.
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 [...]
Meta sells Giphy to Shutterstock to comply with UK regulator order May 23, 2023 Shutterstock said today it would buy animated-images platform Giphy from Meta for $53m in cash, months after the Facebook owner had agreed to divest the company on competition concerns. Britain’s competition regulator last year ordered Meta to sell Giphy over fears that it could deny or limit competitors such as Snapchat and Twitter access to the target’s content. Meta had [...]
Does trading in unbacked crypto assets present a regulatory dichotomy? May 23, 2023 Wendy Saunders, Head of Financial Services Regulatory at lawyers Lewis Silkin picks apart the Treasury Committee report on crypto assets.
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
Chancellor to discuss food prices with CMA May 23, 2023 Today the Chancellor Jeremy Hunt will meet with food manufacturers to discuss the cost of food and explore ways to ease pressure on households. The government says Hunt will raise concerns about high prices of food in the UK and discuss measures the government and industry could put in place to help households. Hunt said: [...]
Microsoft and Revolut spats show UK regulators won’t ‘roll over and play dead’, tech chief says May 21, 2023 Microsoft and Revolut’s high-profile spats with City regulators do not signal an underlying hostility to tech and instead show rulemakers in the UK will not “roll over and play dead”, a top London tech chief has said.
City regulators set for fresh scrutiny as ministers push post-Brexit reforms May 21, 2023 Ministers are looking to strengthen their oversight of financial regulators and boost accountability for decision-making as part of post-Brexit plans to rein in regulatory red tape and fuel the growth of the City.
Explainer: How Rishi Sunak is trying to strike a balance on AI regulation May 19, 2023 World leaders’ meetings like the G7, taking place in Japan right now, are not only about cringy photo ops and bilateral diplomatic statements. They’re also an opportunity for politicians to set out strategies and deliver messages to their foreign counterparts and their own domestic audience. Rishi Sunak has proven a sleek player on the foreign [...]
Blocking the Microsoft and Activision deal leaves gamers – and the UK – out in the cold May 19, 2023 On Monday, EU regulators approved Microsoft’s $68.7 billion acquisition of Activision Blizzard, leaving the UK and US alone in their choice to stall the deal.