Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Chris Hayward"


6 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need more foreign direct investment in the UK: City of London CorporationChris Hayward, policy chairman of the City of London Corporation, discusses the U.K.'s Spring Budget and discusses what changes the Chancellor could make.
Persons: City of London Corporation Chris Hayward Organizations: City of London Corporation, of London Corporation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCity of London Corporation: U.K. government's policy on inflation reduction is not enoughChris Hayward, policy chairman at the City of London Corporation, gives his take on the inflationary risk of the U.K. government's new fiscal policies, how to rebuild "broken trust" with the EU, and why he sees Labour as a "pro-business party."
Persons: Chris Hayward Organizations: Email, of London Corporation, City of London Corporation, EU, Labour
Britain seeks to boost banking services from fintechs
  + stars: | 2023-04-17 | by ( Huw Jones | ) www.reuters.com   time to read: +3 min
"While significant progress has been made, there is more to be done to deliver the full benefits of open banking within retail banking markets, and beyond," the statement said. The recommendations from regulators will keep up momentum in open banking and extend its benefits to other sectors, said Marion King, chair of Open Banking Limited, which checks on whether the nine banks comply with open banking rules on customer data. Britain is keen to push open banking to the next stage following Brexit to attract more fintechs to set up in Britain as the European Union is poised to compete with its own version of open banking. The data protection draft law, now going through parliament, will be used to put open banking on a sustainable footing, Griffith said. "We now need to see proportionate regulation," said Janine Hirt, CEO of Innovate Finance, the UK fintech industry body.
LONDON, March 30 (Reuters) - London is no longer the clear leader among global financial centres after New York rose from second place to level peg with the British capital as more companies list in the United States, the City of London Corporation's said on Thursday. The City, which administers London's financial district, said in its annual survey that benchmarks on the performance of global financial centres gave London an overall competitiveness score of 60, up from 59 in 2022, but New York increased its score to 60. New York overtook London in 2018 to become the top global financial centre in the separate Z/Yen survey. The City is due in the third quarter to set out recommendations for a long-term blueprint to "kickstart" London's role as a post-Brexit global financial centre by 2030. "The UK remains one of the most open and global financial centres with better access to international markets than the US, France, or Japan.
[1/2] A person walks over Millennium Bridge amidst early morning fog, as the sun rises beyond the City of London financial district in the background, in London, Britain, February 8, 2023. Following the collapse of its parent company in the United States, Silicon Valley Bank's UK arm was sold to HSBC over the weekend to avoid disrupting its customers in Britain. Hunt said he would make a statement in the autumn on how the UK financial system would be strengthened. City Minister Andrew Griffith has said that an accounting rule for pension funds has become a "performance penalty" which holds back investment in Britain. The financial sector has called for faster implementation of the proposals after Amsterdam overtook London as Europe's biggest share trading centre.
"Policy stability is absolutely critical," Miles Celic, chief executive of finance lobby group TheCityUK told Reuters. Finance chiefs want Sunak to balance spending on infrastructure with easing immigration policy for skilled workers and investing in education, Celic added. Sunak confirmed on Tuesday that he was keeping Hunt as his finance minister, after he was appointed late in Truss' brief premiership to shore up confidence in Britain's finances - and tear up much of her planned tax-cutting agenda. Britain's 164 billion pound ($185 billion) financial industry was largely locked out of directly serving EU customers after Brexit. Any moves to extract more tax from banks are likely to be met with industry opposition.
Total: 6