Regulation

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Competition Commisison takes on supermarkets
Supermarkets to get ombudsman

The Competition Commission (CC) has recommended appointing an ombudsman in its final report on the UK grocery market. The report, which puts forward the regulator’s final recommendations, follows a five-year investigation with over 700 submissions. The big four grocers – Asda, Tesco, Sainsbury’s and Morrisons – have been accused of buying up land to prevent… Read more »

News
Darling considers immunity for City grasses
City could gain whistleblower protection

The Treasury is considering extending whistleblower protection to the City in a bid to prevent market manipulation. It is hoped the power would encourage people to come forward with evidence of fraudulent activity without fear of prosecution. Shares in bank HBOS tumbled last week when false rumours were spread about the bank. The Financial Services… Read more »