City minister warned FCA ‘several times’ over name and shame plans Banking The City minister said she warned the Financial Conduct Authority (FCA) “several times” that its controversial ‘name and shame’ rules could harm companies before the regulator moved to water down the plans. Following intense criticism from firms and ministers, the regulator confirmed on Thursday that it would soften plans to publicly name companies facing investigation [...]
City minister pledges to work ‘together’ with private equity as tax hike looms The City minister pledged to work “together” with the private equity industry today but steered clear of mentioning a looming tax hike which could put the sector on a collision course with the Treasury. In a speech at the British Private Equity and Venture Capital Association’s (BVCA) annual summit, Tulip Siddiq said private capital would [...]
City minister denies Sunak ‘taking the day off’ Election 2024 A minister denied Rishi Sunak is “taking the day off” from campaigning for the July 4 General Election as the Prime Minister stayed close to his Yorkshire constituency on Saturday morning. Sunak completed a whistlestop two-day tour of the four nations on Friday and is understood to be attending an event in the north of [...]
City minister Afolami rounds on regulators and calls to maintain ties with China May 20, 2024 The City minister has doubled down on the government’s collision course with regulators today as he laid out a choice between “high regulatory barriers” and making the Square Mile “competitive” on the global stage.