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Huw Jones

Britain launches investigation into failed investment firm LCF

11:03am EDT

LONDON Britain's finance ministry said on Thursday that former judge Elizabeth Gloster will lead an investigation into the collapse of investment firm London Capital & Finance (LCF) and how it was supervised by the Financial Conduct Authority (FCA).

UPDATE 2-Britain launches investigation into failed investment firm LCF

10:58am EDT

* Ministry to look at regulatory regime for mini-bonds (Adds lawmaker comments)

UK audit watchdog proposes record $16 million fine for KPMG

May 21 2019

LONDON Britain's accounting watchdog has proposed fining KPMG 12.5 million pounds ($16 million) for errors in checking whether BNY Mellon bank was complying with rules for safeguarding client assets.

Britain's Big Four accountants could gain reprieve from audit reform

May 21 2019

LONDON Britain's business ministry will consult further on sweeping reforms of the audit market, it told Reuters, stopping short of legislation demanded by lawmakers.

U.S. to mirror EU moves in scrutinizing derivatives clearers

May 21 2019

LONDON Foreign clearing houses for derivatives face tougher scrutiny for risks they would pose to the United States economy if they collapsed, a senior regulator said on Tuesday, mirroring recently-approved European Union reforms.

British ministers forecast thriving City of London in post-Brexit world

May 21 2019

LONDON Britain's finance industry will emerge stronger from Brexit, remaining one of the world's top financial centres, ministers in Prime Minister Theresa May's government forecast on Monday.

BoE's Woods warns against post-Brexit weakening of bank rules

May 16 2019

LONDON Weakening rules for banks and insurers after Brexit would be "anathema", but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said on Thursday.

BoE's Woods warns against post-Brexit weakening of bank rules

May 16 2019

LONDON Weakening rules for banks and insurers after Brexit would be "anathema", but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said on Thursday.

BoE's Woods warns against post-Brexit weakening of bank rules

May 16 2019

LONDON, May 16 Weakening rules for banks and insurers after Brexit would be "anathema", but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said on Thursday.

Exclusive: Europe prepares raft of post-Brexit banking reforms

May 15 2019

LONDON The European Commission is working on its biggest regulatory push on banking since the 2008 financial crash that could curb Britain's access to the bloc, according to an internal draft document seen by Reuters.

World News

India's Modi stuns opposition with huge election win

Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.