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Markets May. 2, 2018, 5:18 AM

Blockchain is a ‘pixie dust’ fad, and its benefits in finance are ‘little to nothing’

The British Parliament’s Treasury Committee heard evidence on cryptocurrencies and blockchain on Tuesday. Martin Walker from the Center for Evidence-Based Management spoke before the committee. Walker dismissed the potential for blockchain in finance, saying it is just another fad. LONDON – The director of a leading management think tank has […]
Blockchain is a ‘pixie dust’ fad, and its benefits in finance are ‘little to nothing’
News Jan. 9, 2018, 11:19 PM

MPs say Brexit could lead to huge upfront VAT bills on EU goods and increase border delays

MPs debated a bill in parliament yesterday which could force firms to pay VAT upfront on goods imported from the EU. The British Retail Consortium says the changes could lead to border delays and cashflow burdens for UK firms. LONDON – An influential group of MPs has written to the […]
MPs say Brexit could lead to huge upfront VAT bills on EU goods and increase border delays
News Jan. 5, 2018, 8:24 PM

Philip Hammond refuses to rule out a customs union with the EU after Brexit

Hammond refuses to rule out UK staying in some form of customs union with the EU after Brexit. The chancellor was asked by Treasury Committee chair Nicky Morgan to do so in a letter. He said that Britain will seek “a new customs arrangement with the EU that facilitates the […]
Philip Hammond refuses to rule out a customs union with the EU after Brexit
News Dec. 21, 2017, 1:55 AM

CARNEY: There’s no reason the City of London can’t get a custom Brexit deal

No reason a custom deal can’t be struck for the City of London, Bank of England governor says. Speaking to the Treasury Select Committee, Mark Carney said that he doesn’t “accept the argument that just because it has not been done in the past, it can’t be done in the […]
CARNEY: There’s no reason the City of London can’t get a custom Brexit deal
News Dec. 14, 2017, 11:01 AM

An influential group of MPs want a deal to keep the UK in the EU for a fixed period after 2019

The Treasury Select Committee has called for a transition deal which essentially keeps the UK within the EU for a fixed period after it formally leaves in March 2019 The committee said such a deal would speed up negotiations and allow the government to focus on securing a future trade […]
An influential group of MPs want a deal to keep the UK in the EU for a fixed period after 2019
Markets Oct. 20, 2017, 6:41 PM

Influential MP Nicky Morgan warns over lack of diversity at the Bank of England

Treasury Select Committee head Nicky...
Influential MP Nicky Morgan warns over lack of diversity at the Bank of England
Markets Jul. 13, 2017, 4:17 AM

Meet Nicky Morgan, the new ‘grand inquisitor’ of Mark Carney, Philip Hammond and Britain’s financial industry

LONDON -- Former Education Secretary Nicky...
Meet Nicky Morgan, the new ‘grand inquisitor’ of Mark Carney, Philip Hammond and Britain’s financial industry
Markets Apr. 25, 2017, 10:35 PM

One of the most influential MPs in the City of London is standing down

LONDON -- Conservative MP Andrew Tyrie, the...
One of the most influential MPs in the City of London is standing down
Markets Apr. 10, 2017, 7:26 PM

Treasury Select Committee MP calls for renewed investigation into secret LIBOR-rigging recordings

Chris Philp MP told Business Insider that he...
Treasury Select Committee MP calls for renewed investigation into secret LIBOR-rigging recordings
Markets Mar. 16, 2017, 8:16 PM

The UK’s financial watchdog could investigate market-moving leaks of financial data

LONDON -- The UK's financial watchdog should...
The UK’s financial watchdog could investigate market-moving leaks of financial data
Markets Feb. 22, 2017, 2:50 AM

BANK OF ENGLAND OFFICIAL: We won’t spot the next financial crisis because ‘models are just not that good’

LONDON -- One of the Bank of England's...
BANK OF ENGLAND OFFICIAL: We won’t spot the next financial crisis because ‘models are just not that good’
Markets Jan. 10, 2017, 11:54 PM

HSBC CHAIRMAN: We’ll move jobs to ‘France, Ireland or Holland’ because of Brexit

LONDON -- Douglas Flint, the chairman of...
HSBC CHAIRMAN: We’ll move jobs to ‘France, Ireland or Holland’ because of Brexit
Markets Dec. 22, 2016, 9:33 PM

One of the Bank of England’s harshest critics is launching an inquiry into super-low interest rates

LONDON -- A parliamentary committee that...
One of the Bank of England’s harshest critics is launching an inquiry into super-low interest rates
Markets Nov. 15, 2016, 11:35 PM

CARNEY: Politicians attacking central banks are engaged in a ‘massive blame deflection exercise’

The Bank of England's Governor Mark Carney...
CARNEY: Politicians attacking central banks are engaged in a ‘massive blame deflection exercise’
Markets Sep. 8, 2016, 1:34 AM

CARNEY: The post-Brexit fall in the pound was ‘as obvious as anything I’ve ever seen’

Bank of England governor Mark Carney says that...
CARNEY: The post-Brexit fall in the pound was ‘as obvious as anything I’ve ever seen’
Markets Jun. 2, 2016, 7:45 PM

Prominent UK politicians are questioning crowdfunding after a string of high-profile failures

Andrew Tyrie, the chair of the influential...
Prominent UK politicians are questioning crowdfunding after a string of high-profile failures
Markets May. 24, 2016, 8:34 PM

‘You have become politically involved’: Tory MP clashes with Mark Carney over the Bank of England’s Brexit stance

Tory MP Jacob Rees-Mogg claims the Bank of...
‘You have become politically involved’: Tory MP clashes with Mark Carney over the Bank of England’s Brexit stance
Markets Jan. 27, 2016, 2:58 AM

Mark Carney on low oil prices: It’s a net positive for the global economy

Low oil prices may be playing havoc with global...
Mark Carney on low oil prices: It’s a net positive for the global economy
Markets Jan. 8, 2016, 10:13 PM

The curious case of why the head of Britain’s regulator suddenly doesn’t wanting the job anymore

Britain's regulator is having a bad start to...
The curious case of why the head of Britain’s regulator suddenly doesn’t wanting the job anymore
Markets Jan. 7, 2016, 6:48 PM

Politicians are hauling Britain’s regulator into parliament for a grilling over its ‘odd’ move to drop two banking investigations

Britain's regulator secretly dropped...
Politicians are hauling Britain’s regulator into parliament for a grilling over its ‘odd’ move to drop two banking investigations

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