Category: HSBC


Lords could derail Osborne’s plans to soften rules on banker accountability

The Guardian By Simon Bowers and Jill Treanor Sunday 13 December 2015 16.27 GMT Opposition peers proposing to amend Bank of England bill, which would unwind tougher regulation set up by the coalition in 2013 The Conservative party does not have…

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The WhistleBlower That Couldn’t Be Silenced

The Inspirational Nicholas Wilson  http://nicholaswilson.com/    Banking and Finance  Katherine Griffiths Banking Editor Last updated at 12:01AM, December 9 2015 A whistleblower has alleged that it was unlawful for HFC, a subsidiary of HSBC, to levy a charge on the cost…

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Kenneth Clarke: Put rogue bankers on trial

The Telegraph By Julie Henry 10:40AM BST 30 Jun 2012 Kenneth Clarke has said that it is easier to “get away with” financial crime than practically any other kind. The justice secretary said that the UK’s track record on prosecuting financial…

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Swaps and the FCA Review process: is the Review working?

By Cat Maclean Partner and Solicitor Advocate, Head of Dispute Resolution at MBM Commercial LLP Some 3 and a half years have now passed since the FCA announced a Review into the missale of interest rate hedging products, or swaps. Although…

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RBS and Standard Chartered weakest in Bank stress test

BBC News By Howard Mustoe Business reporter Image copyright AFP Royal Bank of Scotland and Standard Chartered were the weakest of Britain’s seven largest lenders in a Bank of England stress test. For the second year, the central bank has subjected…

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Coming soon: HBOS the sequel?

The Sunday Times  Aimee Donnellan Published: 22 November 2015 Light-touch regulation let the lender run amok. Will George Osborne’s sops to the City spell the start of a new era of lax controls? Former HBOS chief executives James Crosby, left,…

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End of ‘Too-Big-to-Fail’ Banking Era Endorsed by World Leaders

Bloomberg Business By John Glover & Ilya Arkhipov November 15, 2015 — 12:53 PM GMT World leads and members of the Financial Stability Board (FSB) meet at the G20 Turkey Leaders Summit on Nov. 14, 2015 Photographer: /Getty Images G-20 to…

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Welcome to Austeria – a nation robbing its poor to pay for the next big crash

The Guardian Aditya Chakrabortty Monday 23 November 2015 20.38 GMT ‘This makes perfect political sense for Osborne: it’s the elderly and the wealthy who turn out to vote, after all.’ Illustration: Matt Kenyon A familiar dance begins on Wednesday, as soon as George…

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Banking Reform Loose Canon

The Guardian Giles Fraser Learning to trust bankers again is the very worst thing we could do Pedestrians walk past the Bank of England. ‘With all that money sloshing about, the real moral hazard of the financial services industry is…

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Structural Reform

Bank Of England Prudential Regulation Authority Latest news On 15 October 2015, the PRA published two consultation papers which form part of the post-crisis reforms to enhance the resilience and resolvability of firms: CP37/15, which sets out additional proposed ring-fencing…

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