Tag Archives: U.K.

Photographer: Jason Alden/Bloomberg

U.K. Seeks Tougher Laws on Corporate Financial Crime 

U.K. Seeks Tougher Laws on Corporate Financial Crime 

By Suzi Ring, Bloomberg News A proposal to toughen U.K. laws to make it easier to hold companies accountable for financial crime is still under consideration by the government after years of back and forth, according to a speech from the solicitor general. “The weaknesses in our current law result in other jurisdictions holding British

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Business is Booming for British Lawyers

By Helen Chandler-Wilde, Bloomberg News  Profits per partner at U.K. law firms rose 8.5 percent to an average of just under 136,000 pounds ($178,000) in 2016 to the highest level in seven years. The increase was fueled at least in part by law firm revenues that rose 5.8 percent, well above inflation, according to a

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U.K. Regulator Looks to Enhance ‘Corporate Culture’

By David R. Jones, Bloomberg BNA  Auditors must seize the initiative in highlighting concerns about the companies they audit to boards of directors, the chief executive officer of the U.K. Financial Reporting Council told Bloomberg BNA Oct. 19. Speaking on the sidelines of FRC’s 2016 open annual meeting in London, Stephen Haddrill said that “auditors should draw boards’ attention to