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.

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.

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.

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
More than 90 years of car history are coming to an end with the abolition of the paper car-tax disc
newsThis and other facts you never knew about the paper circle - completely obsolete tomorrow
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Kim Jong Un gives field guidance during his inspection of the Korean People's Army (KPA) Naval Unit 167
newsSouth Korean reports suggest rumours of a coup were unfounded
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You could be in the Glastonbury crowd next summer if you follow our tips for bagging tickets this week
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It is believed that historically rising rates of alcohol consumption have contributed to the increase
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Piers Morgan tells Scots they might not have to suffer living on the same island as him if they vote ‘No’ to Scottish Independence
peopleBroadcaster has a new role bringing 'the big stories that matter' to US
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Kylie performs during her Kiss Me Once tour
musicReview: 26 years on from her first single, the pop princess tries just a bit too hard at London's O2
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Moves to regulate e-cigarettes and similar products as medicines come amid increasing evidence of their effectiveness
healthHuge anti-smoking campaign kicks off on Wednesday
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fashionEveryone, apparently
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The erotic novel Fifty Shades of Grey has already been blamed for a rise in the number of callouts to the fire brigade for people trapped in handcuffs
voicesJustine Elyot: Since Fifty Shades there's no need to be secretive about it — everyone's at it
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Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?
Royal Ballet star dubbed 'Charlize Theron in pointe shoes' takes on Manon

Homegrown ballerina is on the rise

Royal Ballet star Melissa Hamilton is about to tackle the role of Manon
Education, eduction, education? Our growing fascination with what really goes on in school

Education, education, education

TV documentaries filmed in classrooms are now a genre in their own right
It’s reasonable to negotiate with the likes of Isis, so why don’t we do it and save lives?

It’s perfectly reasonable to negotiate with villains like Isis

So why don’t we do it and save some lives?
This man just ran a marathon in under 2 hours 3 minutes. Is a 2-hour race in sight?

Is a sub-2-hour race now within sight?

Dennis Kimetto breaks marathon record
We shall not be moved, say Stratford's single parents fighting eviction

Inside the E15 'occupation'

We shall not be moved, say Stratford single parents
Air strikes alone will fail to stop Isis

Air strikes alone will fail to stop Isis

Talks between all touched by the crisis in Syria and Iraq can achieve as much as the Tornadoes, says Patrick Cockburn
Nadhim Zahawi: From a refugee on welfare to the heart of No 10

Nadhim Zahawi: From a refugee on welfare to the heart of No 10

The Tory MP speaks for the first time about the devastating effect of his father's bankruptcy
Witches: A history of misogyny

Witches: A history of misogyny

The sexist abuse that haunts modern life is nothing new: women have been 'trolled' in art for 500 years
Shona Rhimes interview: Meet the most powerful woman in US television

Meet the most powerful woman in US television

Writer and producer of shows like Grey's Anatomy, Shonda Rhimes now has her own evening of primetime TV – but she’s taking it in her stride
'Before They Pass Away': Endangered communities photographed 'like Kate Moss'

Endangered communities photographed 'like Kate Moss'

Jimmy Nelson travelled the world to photograph 35 threatened tribes in an unashamedly glamorous style