Treasury Committee

Ban NDAs in sexual harassment cases, MPs urge amid ‘shocking’ abuse in finance

Harriett Baldwin's team of MPs has delivered a stinging indictment of top financial services firms

Overwhelming majority of City professionals polled by FN say NDAs should not be used in instances of sexual assault

5 min read

City minister Andrew Griffith said treating crypto as gambling would create a regulatory misalignment between the UK and other jurisdictions

Treasury rejects MPs’ motion to treat crypto as gambling

The Commons’ Treasury Committee had 'strongly recommended' retail crypto trading be regulate as gambling

2 min read

Treasury Committee chair Harriett Baldwin wrote to the FCA in June, asking it to clarify the 'nature and intensity' of its engagement with Odey Asset Management after sexual assault allegations against its eponymous founder (pictured)

FCA pledges to continue sexual harassment crackdown

'I would not want this committee to have any doubt about our resolve to be proactive in taking on these types of complicated cases,' FCA boss says as Odey grilling continues

4 min read

Andrew Griffith's appearance before the Treasury Select Committee of MPs marks his first public grilling on crypto since he was appointed City minister in October

City minister kicks UK crypto laws into 2024 regulatory schedule

Andrew Griffith hinted at the scope of future regulation, saying that the UK's eventual crypto regulatory regime would likely be broader than EU rules

4 min read

Zhao’s decision to very publicly sell off its holdings in FTX’s token, FTT, was among the first events in a chain that eventually finished with FTX’s insolvency

The Fintech Files: FTX fallout, MPs make Binance squirm, and crypto sector full of ‘f****** sociopaths’

The collapse has already bruised the likes of BlackRock, VanEck and Sequoia Capital, and has seriously damaged the reputation of crypto in traditional finance circles

6 min read

Trinder, far left, was just one of a number of senior crypto industry figures who were grilled by the Treasury committee over FTX's failure

Binance policy head tells MPs: ‘We didn’t cause FTX crisis’

It was not 'obvious' that Binance selling FTX's token would damage the exchange further, Daniel Trinder, Binance's vice-president of government affairs, tells lawmakers

3 min read

Harriett Baldwin wins race to chair Treasury committee

A total of 397 votes were cast, with Baldwin securing 204

2 min read

Role of regulation to be examined as the UK marches towards becoming a ‘crypto hub’

Lawmakers step up crypto scrutiny with second inquiry

Another parliamentary inquiry signals growing interest in crypto from Westminster

Market watchers predict the respected Ashley Alder will put the FCA on the right track

New FCA chair appointment sets up ‘uncomfortable’ talks with CEO Rathi

Appointment of Ashley Alder brings true regulatory experience and is a sign of an FCA more focussed on international issues than ever

‘It is widely accepted that the transfer of rule-making powers to UK regulators should lead to enhanced scrutiny by the UK parliament, to monitor the exercise of those powers,’ the Treasury Committee said

MPs to up FCA oversight as regulators face Brexit pressure

As watchdogs take responsibility for EU rules, a new committee will monitor their progress

In a landmark set of proposals released on 9 November, the FCA and PRA would be given greater licence to throw out old EU rules to forge a new future for the City

MPs warn UK’s post-Brexit overhaul to regulation could hit financial stability

The Treasury Committee urges the government to backtrack on plans to give watchdogs a remit to boost the City's international competitiveness

5 min read

Google did not directly address how much it had earned through ads from unregulated firms

Facebook and Google duck questions about earnings from scam ads

MPs wrote to the online giants to ask how they deal with finance scam ads

2 min read

Facebook's content policy director Allison Lucas giving evidence to the Treasury Comittee

UK lawmakers probe Facebook over Instagram’s stock picking ‘finfluencers’

The tense discussion between MP Alison Thewliss and Allison Lucas, Facebook's content policy director, highlights challenges posed by social media for financial regulators

3 min read

LCF went into administration in January 2019 after the FCA asked it to withdraw its “misleading, not fair and unclear” promotion for its retail investment products

FCA defends hiring process following collapse of mini bond firm LCF

Chief executive Nikhil Rathi said he wanted to get things moving 'quickly'

4 min read