UK Treasury
Harsher stress tests described in new FSA risk outlook
New stress scenarios to test banks' resilience to double dip recession
UK regulator to be allowed to “tear up” bankers’ contracts
Britain’s financial regulator will have its powers increased, allowing it to punish errant banks and bankers for excessive risk-taking
RBS and Lloyds to get £39.2 billion more
The part-nationalised banks are set to receive up to £39.2 billion in additional support measures announced on Tuesday
UK offshore centres must raise their game: report
Former FSA official highlights the need for “tax havens” to bring regulation up to international standards
Brussels clears Rock break-up
Decision follows British government nationalisation in January 2008
King’s speech elicits mixed reaction
Commentators and politicians broadly support Bank governor’s call for break-up of biggest banks, but see no easy fix
De Larosière: don’t rush regulatory reform
Former governor of the Banque de France warns governments against rapid change for the finance industry
What makes up the macroprudential toolkit?
Practitioners and supervisors discuss how supervisory policy will be made
Former Bank official to advise Treasury on stability
Alistair Clark to advise Whitehall on financial stability
Communication in a crisis: some thoughts for central bankers
Citing the case of Northern Rock, Geoffrey Wood, a professor of economics at Cass Business School, calls for central banks to better prepare for their communications on financial stability
Fed to intervene on pay, UK minister dismisses bankers’ “talent”
Federal Reserve to have authority on compensation, Wall Street Journal reports as British minister says bankers undeserving of high rewards. Moves part of global outcry over bankers’ bonuses
UK lends IMF SDR9.92 billion
Provision part of EU commitment made at April G20 meeting
UK Financial Investments releases five-year plan
UK Financial Investments publishes budget projections for five years ahead
Clamp down on too-big-to-fail banks: UK lawmakers
Parliamentary committee sides with Bank of England in conflict with Treasury over reform
State-owned British banks to get a new boss
John Kingman steps down from the helm of UK Financial Investments on news that former Bank of England director will chair body
UK government wards Bank off leaning against wind
Alistair Darling’s long-awaited proposals beef up bank regulation but say the Bank of England should avoid leaning against the wind with rate moves
UK lawmakers want all the gore on bank lifelines
An influential group of British lawmakers have called for the UK Treasury to be much more open in detailing the liabilities taken on by its ownership of stakes in some of the country's biggest banks.
Paulson hints at possible bank recapitalisation
Hank Paulson, the US Treasury secretary, has indicated that America is likely to attempt to recapitalise its ailing banks.
Britain bails out banks
The British authorities on Wednesday pledged to spend up to £50 billion ($86 billion) in taxpayer funds to recapitalise its beleaguered banking industry, shares in which have plummeted in recent days.
UK nationalises lender
The UK authorities have taken a second mortgage lender into public ownership after events triggered by the collapse of Lehman Brothers, an investment bank, sparked a withdrawal of deposits.
Legislative barriers and Northern Rock
Mervyn King’s assertion that he was “hemmed in” by legislation during the run on Northern Rock has some merits, argues Charles Proctor
Lessons of Northern Rock
British lawmakers are divided over how to fix a broken regulatory framework
Demonstrating the virtues of self-restraint
The UK economy and Bank have benefited from its narrow focus, says Adam Posen
Treasury Committee to look into MPC process
The Treasury Select Committee has said it expects to look into the appointment process to the Bank of England's interest rate-setting Monetary Policy Committee some time next year.