In his first keynote address to business leaders, chancellor Alistair Darling
said the Bank of
England (BoE) would now be accountable for the UK’s financial stability in
addition to its statutory objective of setting interest rates.
Part of his reforms if UK’s financial system would include setting up a new
Financial Stability Committee to guide the Bank’s operations in this field to
‘bring valuable, external expertise with City experience to bear on the Bank’s
decision making’, the BBC News reports.
Darling indicated the proposals would clarify and enhance the powers of BoE
and those of the Financial Services Authority (FSA) and improve co-ordination
between the regulators.
More details are understood to be in a letter yesterday to John McFall,
Treasury Select Committee chairman.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.