Regulation & Compliance
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Hector Sants to quit FSA in June
Hector Sants has confirmed market rumours that he will leave his position as chief executive officer at the Financial Services Authority (FSA) at the end of June 2012. _Read full story
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Cable: Ministers regard regulatory change as "absolute pain"
Business secretary Vince Cable today claimed government regulatory changes will save businesses some £16 million._Read full story
IS 2012: Insolvency Service plans to plug "large hole" in accounts
The Insolvency Service (IS) has confirmed it has now made arrangements to move out of its London head office in June of this year. _Read full story
IPA head insists single regulator is not answer to boosting industry confidence
The head of the Insolvency Practitioners Association (IPA) has insisted the creation of a single regulator would not boost confidence in the industry.
_Read full storyFootball creditors' outcome set for Spring 2012
The opposing teams battling over the controversial football creditors’ rule in the High Court will have to wait until next year for the match to be decided.
_Read full storyCare home report predicts more failures
The high-profile collapse of another care home provider could be on the cards if the government doesn’t reform its monitoring strategy, a group of MPs has warned.
_Read full storyTax man matches up to Football League at High Court
HM Revenue & Customs' (HMRC) attempt to stamp out the "football creditors' rule" kicked off today in the High Court.
_Read full storyFee chargers under scrutiny at Select Committee
Fee-charging debt management companies came under the microscope this week at the Department of Business, Innovation and Skills' Select Committee.
_Read full story400 depart MF Global as company defaults on 30 exchanges
Around 400 members of staff have been made redundant at MF Global UK as the administrators looked to manage cash within the business.
_Read full storyAnalysis: The hurdles in the administration of MF Global
KPMG’s appointment as MF Global UK administrator has the industry glued as the first ever ‘Special Administration’, but is its role as pathfinder worth the associated risk? Joe McGrath investigates
_Read full storyConsultation to remove courts from liquidation process
Courts could be removed from the administration process in a bid to create a more "streamlined" and "efficient" process.
_Read full storyCompanies closed for property scams
A further two companies have been closed down for landbanking “confidence trick” scams following a probe by the Insolvency Service (IS).
_Read full storyBritain to opt out of Euro debt order
Insolvency trade body R3 has welcomed Britain’s decision to opt out of European Commission plans to boost cross-border debt recovery.
_Read full storyRegulator accuses IPs of using pre-packs to evade liabilities
The Pensions Regulator (TPR) is to investigate the use of pre-pack insolvencies as a means of evading pensions liabilities.
_Read full story'Big four' to be investigated by Competition Commission
PricewaterhouseCoopers, KPMG, Deloitte and Ernst & Young – ‘the big four’ – have been referred to the Competition Commission by the OFT for further investigation.
_Read full storyWhat does EMI / Terra Firma tell us about pre-packs?
Pre-pack administrations continue to be the subject of much controversial discussion and this month has been no different.
_Read full storyFeature: Should there be a protocol for debt management plans?
DEMSA supports the idea of a debt management protocol and the many benefits it could bring; as has been demonstrated by the introduction of the IVA protocol.
_Read full storyIn depth: “UK economy is worse than we thought”
Members of the Bank of England’s Monetary Policy Committee (MPC) should cut interest rates to 0.25% to protect the economy, according to a new report.
_Read full storyNortel & Lehman appeal: the verdict
Pension trustees will rank ahead of creditor banks and bondholders when companies become insolvent after a landmark ruling in the Nortel and Lehman Brothers' case.
_Read full storyGovernment will not intervene in football creditors' row
A government report has rejected calls for intervention in the row over the “football creditors’ rule” where clubs and players are preferential creditors in the event a club falls into administration.
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