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Results: 1-10 of 28

Chancellor of the Exchequer confirms abolition of tripartite regime

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • June 17 2010

Yesterday, at a speech in London, the U.K.'s Chancellor of the Exchequer, George Osborne, confirmed that as part of "a new system of regulation," the U.K. government will "abolish the tripartite regime, and the Financial Services Authority will cease to exist in its current form."

U.K. government publishes report detailing new policy actions

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • May 23 2010

On Thursday, the U.K.'s new coalition government published a report entitled The Coalition: our programme for government, describing a new bipartisan programme resulting from discussions between the Conservative Party and the Liberal Democrats

Prime Minister Brown discusses potential of global levy on banks

  • Alston & Bird LLP
  • -
  • Global, United Kingdom
  • -
  • March 11 2010

Yesterday, Prime Minister Gordon Brown discussed the U.K. economic recovery over the past year and a half, noting that Britain can continue to "lead in the future global economy," but economic recovery "on a global basis" must be "balanced and sustainable."

Iceland voters reject Icesave amendment

  • Alston & Bird LLP
  • -
  • Iceland, Netherlands, United Kingdom
  • -
  • March 8 2010

This past Saturday, Iceland held its first referendum since the foundation of the Republic of Iceland to determine whether an amendment to the "Icesave Act " should stand or be repealed

Talks between UK, Netherlands and Iceland on Icesave matter break down

  • Alston & Bird LLP
  • -
  • Iceland, Netherlands, United Kingdom
  • -
  • February 26 2010

Yesterday, the Government of Iceland announced that the latest round of talks with the Netherlands and the United Kingdom regarding the Icesave matter have "adjourned without a final resolution."

U.K. Treasury chief presents 2009 Pre-Budget report, imposes temporary 50 tax on discretionary bonuses above £25,000

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • December 9 2009

Today, U.K. Chancellor of the Exchequer Alistair Darling presented the 2009 Pre-Budget Report, a bi-annual economic forecast for the U.K

Northern Rock restructuring to take effect January 1

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • December 8 2009

Today, the U.K. Treasury and Northern Rock plc separately announced that the restructuring of Northern Rock will take place on January 1, 2010 (Transfer Date

Lloyds to raise £22 billion through debt exchange and UK's largest ever rights offering

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • November 24 2009

Today, Lloyds Banking Group Plc (Lloyds) priced a £13.5 billion ($22 billion) rights offering, the largest rights offering in U.K. history

European Commission announces decisions on state aid for KBC, ING and Lloyds

  • Alston & Bird LLP
  • -
  • Belgium, European Union, Netherlands, United Kingdom
  • -
  • November 18 2009

Today, the European Commission (EC) announced decisions regarding state aid for KBC Group NV (KBC), ING Groep NV (ING) and Lloyds Banking Group (Lloyds), which will "secure their long term viability," "require each of these banks to contribute substantially to the financing of their restructuring," and "ensure that none of these banks will enjoy an unfair competitive advantage as a result of the very large-scale public support they have received."

Queen Elizabeth proposes UK financial overhaul

  • Alston & Bird LLP
  • -
  • United Kingdom
  • -
  • November 18 2009

Today, in Queen Elizabeth II's annual speech to mark the state opening of Parliament, she set out, among other legislation, the Financial Services Bill