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NatWest Group bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. "I will explore options for a NatWest retail share offer in the next 12 months subject to supportive market conditions and achieving value for money," Hunt said on Wednesday. NatWest shares dipped on Hunt's comments and were last down 1.1% at 204.7 pence, compared with a 0.2% fall in the FTSE 100 (.FTSE) index. The stock is the worst performing FTSE 100 British bank stock this year, down more than a fifth, according to Eikon data. That investment turned sour for many and shares in the renamed holding company International Distributions Service (IDSI.L) are now worth 25% less than its 330 pence offer price.

Persons: Dado Ruvic, Jeremy Hunt, Hunt, Sid, Alasdair Haynes, Nigel Farage, Alison Rose, Iain Withers, Sinead Cruise, David Milliken, Sarah Young, William James, Elaine Hardcastle, Alexandra Hudson Organizations: NatWest Group, REUTERS, Companies, NatWest, Aquis, Royal Mail, Distributions Service, Alexandra Hudson Our, Thomson

☆ Britain's Hunt broadens push to unlock pension pots for growth
▼ + stars: | 2023-11-22 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

By 2030, the majority of workplace DC savers will have their pension pots managed in schemes of over 30 billion pounds, and by 2040, all local government pension funds will be invested in pools of 200 billion pounds or more," Hunt told parliament. Hunt said such changes could help unlock an extra 75 billion pounds ($93.46 billion) of financing for high growth companies by 2030, and improve returns for pensioners. The British Business Bank will set up a new growth fund for schemes to invest in growth companies, and there will be a consultation on giving the Pension Protection Fund a new role to help consolidate direct benefit schemes, he said. The government also wants to allow certain portions of shares - fractional shares - within ISAs. ($1 = 0.8025 pounds)Reporting by Huw Jones Editing by Frances Kerry and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Jeremy Hunt, Hannah McKay, Hunt, PIMFA, William Wright, Huw Jones, Frances Kerry, Bernadette Baum Organizations: REUTERS, British, London Stock Exchange's, Aquis Exchange, DC, British Business Bank, Local, ISA, Labour Party, Labour, New, Thomson Locations: London, Britain, New York, ISAs

The Viking Star cruise ship is moored at Greenwich with the City of London financial district in the distance, in London, Britain, August 29, 2023. It is absolutely the time for action over words," Alasdair Haynes, CEO of Aquis Exchange, a share trading platform, and chair of financial industry body TheCityUK's Business Council, told Reuters. The main problem for trade bodies is the vast scope of Britain's financial services industry, with each sub-sector and TheCityUK presenting their own reform priorities and ideas, often overlapping. In the meantime, top financial sector executives running global teams of bankers and traders are increasingly bewildered by Britain's inability to make faster progress on a matter of such economic significance. ELECTION LOOMINGSome senior financial industry sources say politics may hamper the City's reform agenda even further, with a general election expected next year.

Persons: Kevin Coombs, Alasdair Haynes, Jeremy Hunt, Nicholas Lyons, TheCityUK, ” Samuel Gregg, Richard Gardner, Huw Jones, Sinead Cruise, Hugh Lawson Organizations: Viking, City, REUTERS, London’s, Mayor, European Union, Aquis, Business, Reuters, Finance, stoke, of, Arm Holdings, Labour, Conservative, American Institute for Economic Research, Investment Funds Association, EU, Thomson Locations: Greenwich, London, Britain, Europe, Asia, United States, Edinburgh, of London, New York, Amsterdam, City, France

☆ Explainer: Boosting the City: Part Two of UK's post-Brexit finance reforms
▼ + stars: | 2023-07-10 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

Companies on the London Stock Exchange's AIM and Aquis Exchange's growth market would also be eligible. Many savers in direct contribution pension funds are years away from retirement, making it easier to make changes now without risking their pensions. The proposed Intermittent Trading Venue would be launched by the London Stock Exchange in 2024. Britain will make trading shares more efficient by ending the use of paper trails for official transaction records. The government will hold public consultations on some of the proposed pension reforms while regulators already have powers to implement other changes, such as the rules on research.

Persons: Jeremy Hunt, AFME, Huw Jones, Mark Heinrich Our Organizations: London, European, Companies, London Stock, AIM, ARM, London Stock Exchange, Labour Party, Labour, Thomson Locations: European Union, Britain, New York, Australia, Canada

☆ Aquis Exchange launches new 'dark to lit' service to low-profile traders
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: 1 min

LONDON, June 6 (Reuters) - Aquis Exchange (AQX.L) said on Tuesday it had launched a new service across its British and European equity trading platforms to help customers who prefer to transact without alerting rivals to their activities access improved liquidity. The so-called 'dark to lit sweep' functionality, designed by Aquis' pan-European equities trading division, will harness low latency technology to find best possible prices for users across both order books, while keeping a low impact on the overall market, the company said. Members can choose for their order to be cancelled if no immediate opposing order is found on either book, or they can remain on the lit book until a buyer/seller matches with remainder of their order. Reporting By Sinead Cruise, editing by Kirstin RidleyOur Standards: The Thomson Reuters Trust Principles.

Persons: Aquis, Sinead Cruise, Kirstin Ridley Organizations: Aquis, Thomson

☆ London fears for its future as companies defect to Wall Street
▼ + stars: | 2023-03-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

London CNN —London is used to punching well above its weight in global financial markets. And 70% of global secondary bond market trading happens in the city, according to the London Stock Exchange. Beyond the jobs they create and the tax they generate, financial markets also channel capital into companies to fund future growth. In other words, to safeguard its future, London needs to reinvigorate its stock markets. Those “unicorns” should be listing in London “at an earlier stage,” Haynes argues, “rather than growing through private equity and being sold off to Nasdaq.”Hoggett of the London Stock Exchange puts it this way: “London needs to be young, scrappy and hungry.”

☆ Explainer: How Britain is exploiting Brexit to reform finance?
▼ + stars: | 2022-12-09 | by ( Huw Jones | ) www.reuters.com time to read: +5 min

Britain has already announced an easing of capital rules for insurers and is now turning to banks. Rules on prospectuses that companies give to investors when they list on an exchange will be overhauled, along with a reform of rules for securitisation. The government will act on recommendations from a review into improving how listed companies tap investors for fresh funds. The ratings are widely used by investors for picking companies which tout 'green' credentials, but they are not regulated. Prime Minister Rishi Sunak, when he was finance minister, called for a "Britcoin" or digital pound for faster payments.

☆ Euronext Italian arm to become group-wide clearer from end 2023
▼ + stars: | 2022-11-03 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, Nov 3 (Reuters) - Pan-European stock exchange Euronext (ENX.PA) said on Thursday that customers will be able to clear all share trades at its Italian arm from the end of 2023, a move that ends reliance on a London Stock Exchange Group (LSEG) unit in Paris. "This is the first milestone in the transformation of Euronext Clearing to create the Euronext clearing house of choice for its cash equity markets," Euronext said in a third quarter trading statement. Clearing in Euronext credit derivatives will follow in 2024. As many are likely to shift stock and derivatives trading to Italy given efficiencies from using one location. Earlier this week, Deutsche Boerse's Eurex Clearing offered payments to buy-side customers who relocate derivatives clearing from London in 2023 in anticipation of the EU legislation.

☆ Declarație publică privind degradarea procesului legislativ și actului de guvernare în R. Moldova
▼ + stars: | 2020-12-21 | by ( Diana Severin | ) www.zdg.md time to read: +14 min

Votul a fost realizat cu încălcarea tuturor cerințelor de transparență și consultare în procesul decizional a instituțiilor relevante. Aprobarea Politicii fiscale și vamale și a Legii bugetului pentru anul 2021 de către ParlamentCea mai importantă decizie anuală a Parlamentului – aprobarea politicii fiscale/vamale (Legea nr. 476 din 01.12.2020) și a Legii bugetului de stat – a avut loc în acest an fără respectarea cerințelor legale minime de transparență, în lipsa consultărilor și cu includerea prevederilor care promovează interese politice înguste. De asemenea, acesta a fost votat cu încălcarea procedurilor legale (lipsa avizului Guvernului și a expertizei anticorupție) și a consultărilor publice. Graba cu care a fost votat un proiect atât de sensibil trădează existența unor interese ascunse.

Persons: Șor Organizations: Societății Civile, Estic, Partidul Socialiștilor, Partidul, Ministerul Finanțelor, BC Banca, BC, Finanțelor, Banca, Moldovei, Monetar Internațional, Uniunea Europeană, Parlamentul, Autorității, Naționale, Autorității Naționale de Locations: Republica Moldova, Moldova, Economii, Federația Rusă, 01.12.2020

☆ „Degradare fără precedent a calității actului de guvernare”; 95 de ONG-uri cer deputaților să nu promoveze scheme obscure
▼ + stars: | 2020-12-21 | by ( ) www.jurnal.md time to read: +16 min

Votul a fost realizat cu încălcarea tuturor cerințelor de transparență și consultare în procesul decizional a instituțiilor relevante. Aprobarea Politicii fiscale și vamale și a Legii bugetului pentru anul 2021 de către Parlament* Cea mai importantă decizie anuală a Parlamentului - aprobarea politicii fiscale/vamale (Legea nr. Proiectul a fost inițiat pe 4 decembrie 2020, cu mai puțin de două săptămâni până la adoptare, de un grup de deputați socialiști. De asemenea, acesta a fost votat cu încălcarea procedurilor legale (lipsa avizului Guvernului și a expertizei anticorupție) și a consultărilor publice. Graba cu care a fost votat un proiect atât de sensibil trădează existența unor interese ascunse.

Persons: ., Șor Organizations: Societății Civile, Estic, Ministerul Finanțelor, BC Banca, BC, Finanțelor, Banca, Moldovei, Monetar Internațional, Uniunea Europeană, Parlamentul, Autorității, Naționale, Autorității Naționale de, Forumului, Civile Locations: Republica Moldova, Moldova, Economii, Federația Rusă, 01.12.2020, Republicii Moldova

☆ Declarație publică privind degradarea procesului legislativ și actului de guvernare în Republica Moldova
▼ + stars: | 2020-12-21 | by ( ) www.ipn.md time to read: +21 min

Declarație publică privind degradarea procesului legislativ și actului de guvernare în Republica Moldova21 decembrie 2020Platforma Națională a Societății Civile din cadrul Parteneriatului Estic condamnă degradarea fără precedent a calității actului de guvernare ca urmare a nerespectării procedurilor legale de promovare a proiectelor de legi comise de către majoritatea parlamentară, formată din Partidul Socialiștilor din Republica Moldova, Partidul Șor și grupul „pentru Moldova”. Aprobarea Politicii fiscale și vamale și a Legii bugetului pentru anul 2021 de către ParlamentCea mai importantă decizie anuală a Parlamentului - aprobarea politicii fiscale/vamale (Legea nr. 476 din 01.12.2020) și a Legii bugetului de stat - a avut loc în acest an fără respectarea cerințelor legale minime de transparență, în lipsa consultărilor și cu includerea prevederilor care promovează interese politice înguste. Problema plafonării taxelor locale, rămâne o temă controversată, în lipsa unui dialog veritabil și a unei platforme care să analizeze limitările pe care aceste plafoane le pune pentru primării, dar și a unei profunde neînțelegeri a ce înseamnă autonomia autorităților locale. De asemenea, acesta a fost votat cu încălcarea procedurilor legale (lipsa avizului Guvernului și a expertizei anticorupție) și a consultărilor publice.

Persons: Șor, Solicităm, Institutum, Organizația Teritorială Ștefan, Vodă, Eco, GREEN Organizations: Societății Civile, Estic, Partidul Socialiștilor, Partidul, P rin, Finanțelor, BC Banca, BC, Banca, Moldovei, Monetar Internațional, Uniunea Europeană, Parlamentul, Autorității, Naționale, Autorității Naționale de, Forumului, Civile, Soros, Presei, Amnesty International Moldova, Sociale, Uniunea Organizațiilor, Affairs, Asociația, Para, Alianța Întreprinderilor Mici, Femeilor, Afaceri, Locale, Asociația Micului Business, Business, Ecologică, Organizația Teritorială, Moldova, School, Tineretului, Integrare Europeană, Confederația Națională, Confederația Națională a Sindicatelor, Federația, RM Locations: Republica Moldova, Moldova, Economii, Federația Rusă, 01.12.2020, Republicii Moldova, Uniunea Organizațiilor Invalizilor, Mijlocii, Europa, Comrat, Ungheni, Bălți, Ecologică Cahul, Chișinău, Găgăuzia, Construcții, Приднестровье

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