Co-Operative Bank Plc’s merger with Britannia Building Society and its proposed purchase of branches of Lloyds Banking Group Plc were encouraged by government ministers, former Chairman Paul Flowers said.
European proposals to model financial rules for pensions on those established for insurers could stymie investment and make the plans more expensive, according to Mark Hoban, the U.K.’s financial secretary.
Over-the-counter derivatives, traded off exchange, perform important functions for the economy and for the people who trade them, U.K. Treasury Minister Mark Hoban will say in a speech in Istanbul today.
Treasury Minister Mark Hoban said he will consult the insurance industry on changing U.K. law to comply with a European Union court ruling that stops insurers from taking people’s gender into consideration.
European antitrust regulators must avoid “political interference” as they rule on a proposed merger between Germany’s Deutsche Boerse AG and NYSE Euronext, U.K. Treasury Minister Mark Hoban said in the text of a speech.