European banks are under-prepared for Brexit and could lose access to the City of London if they do not move quickly to apply for a U.K. banking licence, a Bank of England committee has warned.
Neil Hodge
Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal issues for a wide range of publications in the United Kingdom and United States.
Posted inEurope
EC takes on Ireland and Luxembourg over tax avoidance
The long-simmering disputes over Ireland and Luxembourg’s tax treatment of Apple and Amazon are about to reach a boiling point with the European Commission.
Posted inAnti-Bribery
European Commission hits Scania with €880m cartel fine
One of Europe’s largest truck manufacturers prepares to fight a massive fine over allegations surrounding a long-running price-fixing cartel.
Posted inEurope
Preparing for the U.K. Criminal Finances Act
A new law holds that companies active in the U.K. could be subject to U.K. criminal proceedings if an employee anywhere in the world facilitates tax evasion.
Posted inEurope
U.K. Pensions Regulator prosecutes Chappell over BHS acquisition
All executives need to be held to account for corporate failures—and not just those who can’t afford to buy their way out of trouble.
Posted inEurope
U.K. corporate governance reforms
Neil Hodge explores the government’s corporate governance reform proposals relating to executive pay; strengthening the employee, customer, and supplier voice; and large, privately held businesses.
Posted inAnti-Bribery
Is it impossible to operate cleanly in some countries?
Corruption may be seen as being “endemic” in some regions, but that cuts no ice with prosecutors in the United Kingdom. To them, a bribe is still a bribe.
Posted inUncategorized
FRC consults on strategic report
The FRC has proposed amendments to strategic reporting guidance in the hopes that companies will expand their range of non-financial reporting to give stakeholders a better understand of companies’ decision making and corporate strategies.
Posted inData Privacy
U.K. considering proposals to enforce better cyber-security
As the U.K. tries to get businesses to protect themselves better against cyber-risk, recently proposed rules all have significant compliance implications.
Posted inAnti-Bribery
SFO announces Rio Tinto corruption investigation
Rio Tinto faces large fines if it is found to have engaged in corrupt activity over its massive Simandou iron-mining project in Guinea. Heads have already rolled over it.
