News

The Big Four accountants could find themselves being stripped of their most lucrative audit deals every 10 years, according to tough new rules proposed by the European Union.

James Moore: British watchdog will oversee Libor

Outlook We're often told that regulation is a thoroughly bad thing, holding back business and getting in the way of job creation (see repeated Conservative manifesto).

EU attacked for plan to gag rating agencies

European politicians have cast doubt on a proposal that would protect bailed-out countries from debt downgrades by credit-rating agencies.

King warns Europe not to weaken bank capital rules

Governor says letting banks run dangerously low buffers was 'tragic' error

Geithner tells countries to avoid soft regulation

Tim Geithner, the US Treasury Secretary, yesterday attacked the UK's lax pre-crisis financial regulation as he warned countries against adopting soft rules to lure new business.

David Prosser: European regulation not so scary after all

Outlook For those who do not share the europhobic tendencies often seen in the City, the development of the new European Securities and Markets Authorities is heartening.

Lib Dems to target Tory votes as Clegg sees his constituency slip away

Bold new strategy as banks deal becomes latest image problem

Banker 'blackmail' attacked

EU financial services chief Michel Barnier accused bankers of "blackmail" for threatening to quit the City for more friendly regulatory regimes in Asia at a hearing of the Treasury Select Committee.

Barnier backtracks on UK appearance

Michel Barnier, the European Union's Financial Services Commissioner, has bowed to pressure to appear before MPs to discuss Brussels' plans for financial regulation.

MPs fume as Barnier rejects invite to hearing

Westminster and Brussels are set for another collision as MPs try to haul a recalcitrant EU commissioner before them for questioning.

David Prosser: If you're going to stiff us, Michel, at least tell us to our faces

Outlook Policymakers get awfully cross when their will is denied: the indignation of Andrew Tyrie, the chairman of the Treasury Select Committee, over the decision of Michel Barnier not to appear before him and his colleagues jumps off the page of the open letter he has sent to the European Commissioner for Internal Markets' boss demanding a change of course.

EU gives insurance firms even more time to get their houses in order

Insurance companies have until 2013 to adhere to new capital rules, after delays to the introduction of Solvency II by European regulators.

EU bank tax proposals are unveiled

A Europe-wide tax on banks will provide funds to ensure that future banking failures are not at taxpayers' expense, the European Commission said today.

Cable says UK may go it alone on banks levy

Britain is prepared to press ahead alone with a tax on banks to insure against future collapses, new Business Secretary Vince Cable said.

The make-or-break power of ratings agencies

Moody's, Fitch and S&P can shake up the markets and change a country's fortunes – but is it time to curb their influence, asks Nikhil Kumar
News
A 1930 image of the Karl Albrecht Spiritousen and Lebensmittel shop, Essen. The shop was opened by Karl and Theo Albrecht’s mother; the brothers later founded Aldi
people
Arts and Entertainment
Standing the test of time: Michael J Fox and Christopher Lloyd in 'Back to the Future'
filmA cult movie event aims to immerse audiences of 80,000 in ‘Back to the Future’. But has it lost its magic?
Arts and Entertainment
Flora Spencer-Longhurst as Lavinia, William Houston as Titus Andronicus and Dyfan Dwyfor as Lucius
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Stir crazy: Noel Fielding in 'Luxury Comedy 2: Tales from Painted Hawaii'
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Life and Style
Flow chart: Karl Landsteiner discovered blood types in 1900, yet scientists have still not come up with an explanation for their existence
lifeAll of us have one. Yet even now, it’s a matter of debate what they’re for
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'Weird Al' Yankovic, or Alfred Matthew, at the 2014 Los Angeles Film Festival Screening of
musicHis latest video is an ode to good grammar. But what do our experts think he’s missed out?
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New Real Madrid signing James Rodríguez with club president Florentino Perez
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Hotel Tour d’Auvergne in Paris launches pay-what-you-want
travelIt seems fraught with financial risk, but the policy has its benefits
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Noel Fielding's 'Luxury Comedy': A land of the outright bizarre

Noel Fielding's 'Luxury Comedy'

A land of the outright bizarre
What are the worst 'Word Crimes'?

What are the worst 'Word Crimes'?

‘Weird Al’ Yankovic's latest video is an ode to good grammar. But what do The Independent’s experts think he’s missed out?
Can Secret Cinema sell 80,000 'Back to the Future' tickets?

The worst kept secret in cinema

A cult movie event aims to immerse audiences of 80,000 in ‘Back to the Future’. But has it lost its magic?
Facebook: The new hatched, matched and dispatched

The new hatched, matched and dispatched

Family events used to be marked in the personal columns. But now Facebook has usurped the ‘Births, Deaths and Marriages’ announcements
Why do we have blood types?

Are you my type?

All of us have one but probably never wondered why. Yet even now, a century after blood types were discovered, it’s a matter of debate what they’re for
Honesty box hotels: You decide how much you pay

Honesty box hotels

Five hotels in Paris now allow guests to pay only what they think their stay was worth. It seems fraught with financial risk, but the honesty policy has its benefit
Commonwealth Games 2014: Why weight of pressure rests easy on Michael Jamieson’s shoulders

Michael Jamieson: Why weight of pressure rests easy on his shoulders

The Scottish swimmer is ready for ‘the biggest race of my life’ at the Commonwealth Games
Some are reformed drug addicts. Some are single mums. All are on benefits. But now these so-called 'scroungers’ are fighting back

The 'scroungers’ fight back

The welfare claimants battling to alter stereotypes
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Fireballs in space

Amazing video shows Nasa's 'flame extinguishment experiment' in action
A Bible for billionaires

A Bible for billionaires

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Paranoid parenting is on the rise - and our children are suffering because of it

Paranoid parenting is on the rise

And our children are suffering because of it
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Magna Carta Island goes on sale

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The hacker's tale: the slide into crime at the 'News of the World'

Glenn Mulcaire was jailed for six months for intercepting phone messages. James Hanning tells his story in a new book. This is an extract
We flinch, but there are degrees of paedophilia

We flinch, but there are degrees of paedophilia

Child abusers are not all the same, yet the idea of treating them differently in relation to the severity of their crimes has somehow become controversial
The truth about conspiracy theories is that some require considering

The truth about conspiracy theories is that some require considering

For instance, did Isis kill the Israeli teenagers to trigger a war, asks Patrick Cockburn