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.

Barnier in fresh warning to the rating agencies

Rating agencies were hit with a fresh blow yesterday after the European Union's financial services chief promised an investigation into the way they work, after a rapid series of downgrades to Greece's sovereign debt.

EU finance ministers fail to agree deal on bank tax

UK and EU markets chiefs at loggerheads over how to use the proceeds of a levy

Nick Anstee: London's strength is its openness. Curbs on migration don't help

We must ensure that our international financial institutions, such as the IMF and World Bank, are robust and flexible. They are, after all, the principal agents to make a reality of the commitments made at the Pittsburgh conference late last year. I believe, however, that they should have sharper tools to perform their task, to preserve and expand an open, balanced and sustainable international economy that creates prosperity for all. Let's co-ordinate these actions. Unilateral activity from whatever source, such as declaring a levy on banks, and limiting capital flows in fund management, are unhelpful unless they are set in the context of – and consistent with – the G20 initiative.

Britain in final push to tone down EU hedge fund rules

Tighter regulations are set to hit City disproportionately hard, critics claim

Econoblog: Hedge funds and private equity - Europe's flying locusts

Michel Barnier, EU Commissioner and would-be tough regulator of the financial markets, met the hedge fund and private equity guys in London today

Business Diary: 02/03/2010

The salesmen that dare not speak their names

Sales is a dirty word. In breaking news, the Institute of Sales Promotion announces it is changing its name to the Institute of Promotional Marketing. "This better represents the wide range of marketing and communications activities the Institute's members do," reckons its chairman, Clive Mishon.

Mandelson: We've won fight with Europe over regulation

Business Secretary tells City that Brussels will take common sense approach

Business Diary: French farms minister is one to watch closely

The Business Secretary, Lord Mandelson, was placatory yesterday about the appointment of Michel Barnier as the EU commissioner with responsibility for financial services. But relations between the two obviously haven't always been smooth. "I worked very closely with Michel when he was French agriculture minister," Lord Mandelson said. "In fact I never took my eyes off him."

EU's finance chief targets bankers

Michel Barnier promises new regulations to restore trust in battered institutions

Plan for Sarkozy visit abandoned

A mooted visit to London by French president Nicolas Sarkozy has been abandoned amid tensions over the carve-up of top jobs in the European Union.

Barnier fails to reassure City over 'catastrophic' appointment

The European Union's appointment of Michel Barnier as bank regulation supremo has left City firms reeling, despite his attempts to calm fears over London's importance yesterday.

France beats Britain in race for key EU job

Plum post will oversee the financial services industry – including the City

Tories accuse Brown of selling out the City in deal with France

Positioning of Sarkozy's man to run financial services is criticised by Hague

Sarkozy's Louis XIV moment

Parliament summoned to Versailles to hear President
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Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
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Survivors of the Nazi concentration camp remember its horror, 70 years on
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Army general planning to come out
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What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
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The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project