The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70
FSA to keep its financial crime powers November 17, 2010 GEORGE Osborne has performed a U-turn over a landmark policy, which would have seen the FSA stripped of its power to prosecute financial crime and its oversight of companies listing on the stock exchange. The chancellor had previously said he would give the FSA’s prosecution powers to a new Economic Crime Agency (ECA), which is [...]
The housebuilder who is ready to take the long road back to recovery October 31, 2010 DESPITE the generally depressed state of the housebuilding and residential property market, Taylor Wimpey’s chief executive Peter Redfern says he is pretty pleased with business. But sitting in the boardroom of his London office, his mood appears more reflective than upbeat. “Prices are very stable at the moment,” says Redfern. “Stable is good for us. [...]
Rolet to speak out on regulation October 20, 2010 London Stock Exchange chief executive Xavier Rolet will appear next week before the Treasury select committee, to give evidence on its inquiry into financial regulation in the UK. Rolet has been vocal in his opposition to new proposals to split the regulation of the primary and secondary capital raising markets, under which the former will [...]
UKLA endorsed by City as consultation winds up October 18, 2010 THE UK Listing Authority (UKLA) received backing from the City yesterday, just as the government consultation on its future closed. The Listing Authority Advisory Committee (LAAC), the body which represents the investment community in its dealings with the UKLA, said overall satisfaction with the authority had risen to 72 per cent compared to 69 per [...]
Governance Code gains support October 18, 2010 Sixty-eight institutions have published statements of support for the new UK Corporate Stewardship Code, including 48 asset managers, 12 asset owners and eight service providers. “A critical mass of investors is coming through and this is a very important first step,” said Financial Reporting Council chairman, Baroness Hogg. The Stewardship Code is being introduced to [...]
The accountant who sees EU rules as a chance to transform his firm October 18, 2010 For a man less than three months away from retirement, BDO’s policy board chairman – in effect, the firm’s international chairman – can’t wait to get into the issues. And to be fair, there is much for Dermot Mathias, who joined the accountancy giant 37 years ago, to discuss. What excites him most is the [...]
City unites against UK listing proposal October 14, 2010 THE City has roundly rejected the government’s proposal to merge the UK Listing Authority (UKLA) with the Financial Reporting Council (FRC) saying such a move would serve to fragment the regulation of the investment market and hurt investors and issuers. The proposal to merge the UKLA was put forward as part of the government’s consultation [...]
Second probe into E&Y over Lehman Brothers collapse October 4, 2010 THE accounting watchdog yesterday opened a second investigation into auditor Ernst & Young (E&Y) over its auditing of failed US investment bank Lehman Brothers. The probe will examine what E&Y told UK regulators about how Lehman Brothers was complying with client asset protection rules. “The Accountancy and Actuarial Discipline Board (AADB) has begun an investigation [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 30, 2010 FINANCIAL TIMES BUSINESS CALLS FOR REVIEW OF CURBS ON MIGRANTS New rules that restrict companies from hiring foreign workers must be “reviewed immediately”, the CBI employers’ body said, putting the business lobby on collision course with the government. The Home Office imposed a temporary limit on skilled workers coming to Britain from outside the European [...]
IoD slates regulation plan September 28, 2010 THE Institute of Directors (IoD) yesterday became the latest organisation to join the London Stock Exchange (LSE) in opposing the merger of the Financial Reporting Council and the UK Listing Authority (UKLA). In a statement, Miles Templeman, director-general of the IoD, said it made no “sense to leave the UKLA separate from the body [the [...]