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Default rate on PFI loans lower than on general infrastructure, Moody's says
Infrastructure projects funded under public private partnership (PPP) and private finance initiative (PFI) models are less likely to default on their loans, according to credit rating agency Moody's.

 

Tax break for shareholders of dissolved companies to be made less favourable
A tax break for those who receive a company's assets when it is dissolved will be made less favourable when the current concessionary treatment is given legal status from March under plans published by HM Revenue and Customs (HMRC).

 

ITV must fund rental business' pension scheme deficit, regulator says
Media company ITV plc is appealing a decision requiring it to fund the £62 million pension fund deficit of a TV rental business it was never involved in, according to the law firm representing the scheme's trustees.

 

Details of new Bank of England financial regulatory powers published
The Government has published draft laws which will return responsibility for regulation of the financial services sector to the Bank of England.

 

Proposed changes to pre-pack insolvency sales regulation dropped by Government
The Government has scrapped proposed plans to change the rules around pre-packaged insolvency sales.

 

Saudi Arabia to allow listing of foreign shares on its stock exchange
Foreign companies will be able to list their shares on Saudi Arabia's stock exchange, its regulator has said.

 

Bank's proposed Oversight Committee must be able to examine policy decisions, MPs say
A new supervisory body intended to increase the Bank of England's accountability to Parliament when it takes on new financial regulation responsibilities must be more powerful than in current Bank proposals, a committee of MPs has said.

 

Bank of England's accountability proposals do not go far enough, MPs say
Bank of England proposals to prevent abuse of sweeping new powers due to be introduced as part of a review of financial services regulation in the UK "fall short" of what is needed, the chairman of the House of Commons' Treasury Committee has said.

 

FSA replacement could be a "poor relation" without change in focus, says Treasury Committee
The new regulatory body which will take over the consumer protection role of the Financial Services Authority (FSA) could suffer from the same shortcomings as its predecessor without a change in focus, a Parliamentary committee has warned.

 

Banks unlikely to leave the UK over new regulations, Osborne tells MPs
Tougher banking regulations which will be introduced in the UK by 2019 will not cause multinational banks to move their operations outside London, the Chancellor of the Exchequer has said.