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
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Synagogue attack: Fear unites both sides of Jerusalem as minister warns restoring quiet could take 'months'

Terror unites Jerusalem after synagogue attack

Rising violence and increased police patrols have left residents of all faiths looking over their shoulders
Medecins sans Frontieres: The Ebola crisis has them in the headlines, but their work goes far beyond West Africa

'How do you carry on? You have to...'

The Ebola crisis has Medecins sans Frontieres in the headlines, but their work goes far beyond West Africa
Isis extends its deadly reach with suicide bombing in Kurdish capital

Isis extends its deadly reach with suicide bombing in Kurdish capital

Residents in what was Iraq’s safest city fear an increase in jihadist attacks, reports Patrick Cockburn
Underwater photography competition winners 2014 - in pictures

'Mysterious and inviting' shot of diver wins photography competition

Stunning image of cenote in Mexico takes top prize
Sir John Major: Negative West End portrayals of politicians put people off voting

Sir John Major hits out at theatres

Negative West End portrayals of politicians put people off voting
Kicking Barbie's butt: How the growth of 3D printing enabled me to make an army of custom-made figurines

Kicking Barbie's butt

How the growth of 3D printing enabled toy-designer to make an army of custom-made figurines
Will Smith's children have made waves with a gloriously over-the-top interview, but will their music match their musings?

What are Jaden and Willow on about?

Will Smith's children have made waves with a gloriously over-the-top interview, but will their music match their musings?
Fridge gate: How George Osborne keeping his fridge padlocked shows a frosty side to shared spaces

Cold war

How George Osborne keeping his fridge padlocked shows a frosty side to shared spaces
Stocking fillers: 10 best loo books

Stocking fillers: 10 best loo books

From dogs in cars to online etiquette, while away a few minutes in peace with one of these humorous, original and occasionally educational tomes
Malky Mackay appointed Wigan manager: Three texts keep Scot’s rehabilitation on a knife-edge

Three texts keep Mackay’s rehabilitation on a knife-edge

New Wigan manager said all the right things - but until the FA’s verdict is delivered he is still on probation, says Ian Herbert
Louis van Gaal: the liberal, the enemy and... err, the poet

Louis van Gaal: the liberal, the enemy and... err, the poet

‘O, Louis’ is the plaintive title of a biography about the Dutchman. Ian Herbert looks at what it tells us about the Manchester United manager
Isis in Iraq: Baghdad hails the retaking of the Baiji oil refinery as the start of the long fightback against the Islamist militants

Isis takes a big step back

Baghdad hails the retaking of the Baiji oil refinery as the start of the long fightback against the Islamist militants
Bill Cosby: America’s beloved TV ‘dad’ or serial rapist?

Bill Cosby: America’s beloved TV ‘dad’ or serial rapist?

Ukip silk bow ties, Green Party T-shirts, and 'Iron Baby' romper suits: How to shop politically

How to shop politically

Ukip silk bow ties, Green Party T-shirts, and 'Iron Baby' romper suits
The science of sex: What happens when science meets erotica

Sex on the brain

Fetishes, dominatrixes, kinks and erotica. They are subjects that should get the crowds flocking to a new exhibition at the Wellcome Collection