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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