BT Openreach told to pull ‘unfair’ broadband discount Telecoms Ofcom has moved to block a heavily discounted Openreach broadband offer after warning it could squeeze rival fibre networks out of the market, in the regulator’s first attempt to stop a commercial deal from BT’s network arm. The telecoms watchdog said Openreach’s proposed discount for internet providers signing up new full-fibre customers was “not fair [...]
Questions raised over FCA’s new short-selling rules News Apparent errors in the Financial Conduct Authority (FCA)’s first batch of new short-selling data have raised questions over the accuracy of information used by traders and regulators to track bets against UK-listed companies. The Financial Times first reported that the regulator’s new disclosures contained a series of apparent errors, including positions that were changed or [...]
Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation Banking Kemi Badenoch will today step up her efforts to woo the City as she promises to wield the axe on post-financial crisis banking regulation if she manages to clinch the keys to Number 10. “London is having its lunch eaten” by overregulation, the Tory leader will proclaim as she proposes a shakeup of the financial regime that she hopes [...]
UK banks blast regulations for ‘penalising’ good risk management April 2, 2026 Top lenders have laid bare their frustrations with UK banking regulation in a bombshell new report that urges the removal of “excessive conservatism”. In response to the Bank of England’s review of capital requirements, the Association for Financial Markets in Europe (AFME) – which represents over 150 global banks, including the UK’s Big Four – [...]
London and New York in tight race to be world’s top financial hub March 26, 2026 London and New York are locked in a tight-race in the fight to become the world’s most dominant financial hub. The latest Global Financial Centre’s Index from Z/Yen showed both cities retained their respective spots in new rankings, with each of their scores inching up by a singular point. New York topped the list at [...]
Buy now, pay later providers set for £3bn hit in ‘regulatory reset’ February 11, 2026 Providers of buy now, pay later services are set to feel the crunch as the UK’s financial watchdog tightens its regulatory focus on the fast-growing industry. Merchants and lenders are set to take a combined hit of as much as £3bn following the regulation overhaul by the Financial Conduct Authority (FCA), according to its own [...]
Exclusive: Starling’s top investor withdraws support for London IPO February 4, 2026 Starling’s elusive billionaire backer has gone cold on his ambition for the digital bank to list in London, Morning Wire can reveal, in a move that will heighten fears of the fintech heading to New York for its highly-anticipated IPO. Harald McPike had lobbied for the group to launch its initial public offering in London [...]
US sets AI standard, leaving Britain on the back foot December 13, 2025 When Donald Trump sat down in the Oval Office this week to sign off on a national AI framework, he delivered a global message. The US has committed to one standardised, federally regulated set of rules for AI. The executive order sweeps away the threat of 50 different state-level approaches to regulating AI – a scenario [...]
Google ‘disappointed’ by CMA’s Android and Chrome ruling October 22, 2025 Google has criticised the UK competition watchdog’s decision to give its mobile platform “strategic market status” under sweeping new digital regulation. The Big Tech giant dubbed the move “disproportionate”, arguing that it risks undermining innovation. The Competition and Markets Authority (CMA) confirmed on Wednesday that Google’s mobile services, including Android, the Play Store, Chrome and [...]
Auto-deleting emails forces us to ask, what is the FCA trying to hide? February 17, 2025 The FCA's plan to auto-delete emails is an exercise of managing reputation, not standards, writes Eliot Wilson.