Reeves Presses Growth Button
Reeves Presses Growth Button
UK Chancellor, Rachel Reeves, will call in a number of regulators on Thursday to assess how well they are doing in taking steps to remove red tape. De-regulation is seen as an essential step in allowing the British economy to grow. Is there room to reduce regulation in financial services without imperiling the economy and leading to another bust? Please send your thoughts to [email protected].
UK Launches AI Initiative
UK Prime Minister Starmer yesterday launched the AI Opportunities Action Plan. The document contains 50 measures designed to make the UK an “AI Maker” rather than an “AI Taker”. The measures include plans for a state-controlled supercomputer and provisions to give data centres special access to energy grid. Time to het experimental with AI?
Robinhood Fined
The Securities and Exchange Commission has agreed a $45 million settlement with Robinhood in relation to data privacy issues and record-keeping failures. The retail broker failed to take adequate steps to protect the names and email addresses of its clients. Another $63 million of settlements were concluded with a wide range of firms with a key theme being the use of improper communication platforms.
Lloyds Links Office to Bonus
Lloyds Banking Group has told its senior managers that their bonus will be calculated taking office attendance into consideration. The bank requires all staff to spend at least two days in the office. Senior managers are required to act as role models – hence the decision to link behaviour in this regard to pay.