Bank of England Won’t Take ‘Risky Bets’ to Boost City of London’s Competitiveness September 27, 2022 By Huw Jones The Bank of England’s new objective of helping the financial sector remain globally competitive should not encourage risky bets on...
UK Government to Pursue ‘Big Bang 2’ Reforms for City of London: New Chancellor September 8, 2022 By Katherine Griffiths Kwasi Kwarteng, the UK’s new chancellor of the exchequer, said the government will pursue sweeping financial reforms to unleash growth...
Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing September 7, 2022 By Sinead Cruise and Iain Withers Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power...
New UK Prime Minister Promises to ‘Unshackle’ City of London September 6, 2022 By Huw Jones Liz Truss becomes Britain’s prime minister on Tuesday after a campaign in which she promised to “really unshackle” the City...
London’s Financial Services Firms See Potential in Liz Truss’ ‘Radical’ Policies September 1, 2022 By Katherine Griffiths After an international career in finance, a rapid political rise and high profile as chancellor of the exchequer during the...
Front Runner to Be Next UK PM Wants to Review Financial Watchdogs’ Roles: Source August 18, 2022 By Elizabeth Piper and Huw Jones Liz Truss, the front-runner to become Britain’s next prime minister, wants to examine the roles of the country’s three financial...
Financial Services Companies Urged to Hire More Working-Class Managers August 16, 2022 By Huw Jones Financial services companies should set “stretching targets” for appointing people from working class backgrounds to senior positions, a UK government-sponsored...
Weakening UK Regulators Would Undermine Financial Services, Bank of England Warns August 12, 2022 Weakening the independence of regulators would undermine reforms to bolster Britain’s finance industry, the head of the Bank of England...
Britain’s Proposed Post-Brexit Financial Reform Explained August 12, 2022 By Huw Jones Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules...
UK Financial Services Firms Suffer From Record Skills Shortage August 10, 2022 By Olivia Fletcher UK finance firms are struggling with its worst job vacancy rates on record, underlining the skills shortage caused by digitization...