Edition:
United Kingdom

Huw Jones

ETFs pose no threat to financial stability - UK markets watchdog

09 Aug 2019

LONDON The rapidly growing exchange-traded-funds sector does not pose a threat to financial stability as the market has coped well so far with liquidity crunches, research from Britain's Financial Conduct Authority said on Thursday.

EU watchdog calls for applying Basel bank capital rules in full

05 Aug 2019

LONDON Global bank capital rules should be applied in full across the European Union, the bloc's banking watchdog said on Monday, dashing industry hopes for leniency after a decade of intense regulation.

UK watchdog says 'rolling bad apple' bankers still an issue

05 Aug 2019

LONDON People in financial services jobs that have a black mark against their name at one company can still move easily to another firm and become a "rolling bad apple" despite efforts by Britain's finance watchdog to improve conduct in the industry.

Hurry up and claim! - UK ombudsman tells consumers in mis-selling scandal

02 Aug 2019

LONDON Britain's financial complaints body encouraged consumers on Friday to lodge claims for mis-sold loan insurance ahead of an Aug. 29 deadline, despite criticism from some banks that a majority of the claims were "vexatious".

LSE lands 'defining' $27 billion Refinitiv deal in data drive

01 Aug 2019

LONDON London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion (£22.3 billion) deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg.

Londoner Börse schluckt Datenfirma Refinitiv für 27 Mrd Dollar

01 Aug 2019

London/Frankfurt Die Londoner Börse wird mit der 27 Milliarden Dollar schweren Übernahme des Finanzdatenanbieters Refinitiv zu einem Riesen im lukrativen Daten- und Analysegeschäft.

KPMG fined 3.5 million pounds for BNY Mellon client audit

01 Aug 2019

LONDON Accounting firm KPMG has been fined 3.5 million pounds ($4.24 million) by Britain's accounting watchdog for failing to audit client accounts of BNY Mellon bank properly, the latest in a string of penalties on KPMG for poor performance.

Devil in the data as funds call for scrutiny of LSE's Refinitiv deal

31 Jul 2019

LONDON Some trading and investment firms are calling for competition regulators to scrutinise London Stock Exchange's proposed $27 billion (£22.2 billion) takeover of financial information provider Refinitiv to prevent further market data price hikes.

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