The £600 million audit market faces a major shake-up after watchdogs ordered that the sector be subjected to a full-blown investigation by the Competition Commission... more
MPs call on Sir John Vickers to provide much greater detail on how ring-fencing of banks will work and what it will mean for corporate governance when his Independent Commission on Banking publishes its final report in September... more
Michel Barnier, European Commissioner for internal market and services, pitched up to give evidence to the Treasury Select Committee, but he may not do so again in a hurry... more
A Europe-wide tax on banks will ensure that financial institutions are no longer allowed to fail at taxpayers’ expense, the European Commission says... more
European Union regulators should be able to tackle ailing banks by imposing a tax, firing executives and transferring ownership, internal market commissioner Michel Barnier says... more
Banks should be made to pay into a fund to support their wind-up if there is another global financial crisis, says EU regulation chief Michel Barnier
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City Comment: Entrepreneur Luke Johnson concludes that the private equity business model investors seek to preserve has been largely discredited... more
The real problem facing the Square Mile is MPs imposing bonus supertaxes, not regulation by the EU, says the chairman of the City of London Corporation... more
With Labour running out of ideas and time with indecent alacrity, it has generated headlines full of bile and hatred on bankers' bonuses to bury bad news: the surrender of banking regulation to the EU... more
France to follow Britain in imposing a one-off super-tax on bankers’ bonuses, boosting City speculation of a co-ordinated attack on financial fat cats that will soon include the US... more
Prime Minister Gordon Brown will hold a bilateral meeting with French president Nicolas Sarkozy in Brussels ahead of tomorrow's European Council summit... more
Nicolas Sarkozy's gloating about a Frenchman gaining powers over the City will stiffen the Government's resolve to defend it, Boris Johnson declared today... more
Politicians choose their words carefully. Anything they say must be viewed in light of the intended audience and the prevailing political climate... more
"We were done over -comprehensively." That was the private verdict today of a senior British figure close to the Brussels talks that ended with a Frenchman seizing control of City regulation for the first time in 50 years.... more
The Mayor of Tower Hamlets defeated Labour to be elected. Livingstone not only backed him but some of Ken's key players are now at the heart of running the council. Stephen Robinson reports
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