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United Kingdom

Huw Jones

First global accounting rules for insurers set for changes after complaints

26 Jun 2019

LONDON An international standard setting body has proposed a one-year delay and changes to the first global accounting rule for insurance contracts following industry calls for a cut in compliance costs and more time.

Banks in Britain revive preparations for no-deal Brexit: EY

26 Jun 2019

LONDON Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday.

Woodford fund managers exploited flawed EU rules - FCA head

26 Jun 2019

LONDON Neil Woodford's flagship fund took full advantage of flawed European Union rules before withdrawals had to be halted, Financial Conduct Authority Chief Executive Andrew Bailey said on Tuesday as he faced questions over the British regulator's role.

European watchdogs demand detail on Facebook's cryptocurrency

25 Jun 2019

LONDON/ZUG, Switzerland Facebook's fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant's Libra project. | Video

Facebook's Libra coin closely watched by authorities: FSB

25 Jun 2019

LONDON Facebook's plan to expand into payments is not expected to be on the agenda of this week's G20 summit in Japan, but the social media giant's intentions could lead regulators to take a closer look at crypto assets, a G20 regulatory group said on Tuesday.

Facebook's Libra coin closely watched by authorities - FSB

25 Jun 2019

LONDON Facebook's plan to expand into payments is not expected to be on the agenda of this week's G20 summit in Japan, but the social media giant's intentions could lead regulators to take a closer look at crypto assets, a G20 regulatory group said on Tuesday.

Facebook's Libra coin closely watched by authorities - FSB

25 Jun 2019

LONDON, June 25 Facebook's plan to expand into payments is not expected to be on the agenda of this week's G20 summit in Japan, but the social media giant's intentions could lead regulators to take a closer look at crypto assets, a G20 regulatory group said on Tuesday.

WRAPUP 1-European watchdogs demand detail on Facebook's cryptocurrency

25 Jun 2019

* Facebook seeks to launch Libra coin by end-June 2020 (Recasts, adds context, Britain's FCA and French central bank governor)

Politicians need to move fast as Facebook & Co move into finance - BIS

23 Jun 2019

LONDON Politicians need to quickly coordinate regulatory responses to new risks from technology companies like Facebook moving into finance, though banks won't be squeezed out anytime soon, the Bank for International Settlements (BIS) said on Sunday.

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