Category: Regulators

Treasury seeks to keep water firm fines earmarked for sewage cleanups

Exclusive: Restoration fund in England could be ‘siphoned off’ to be used for general government spending, not repairing rivers Rachel Reeves’s Treasury is looking to keep millions of pounds levied on polluting...

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Bank of England delays rules designed to avoid banking crash by a year

Latest setback, after talks with Treasury, blamed on lack of clarity about implementation in USBusiness live – latest updatesThe Bank of England has delayed the introduction of tougher global banking capital rules by a...

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City regulators to start oversight of tech firms that provide ‘critical’ services to UK

New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at riskCity regulators will begin cracking down in the new year on tech firms providing “critical”...

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Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses

Exclusive: UK’s biggest water company assessed risks before cutting back on cost of environmental work, investigation showsThames Water intentionally diverted millions of pounds pledged for environmental clean-ups towards...

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Reeves tells City regulator to encourage more risk-taking in financial sector

New remit given to FCA by chancellor raises fears of a weakening of rules meant to avert another financial crisisThe financial regulator has been ordered to encourage more risk-taking across the City, raising concerns that the...

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