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Page 54 - கருவூலம் தேர்ந்தெடுக்கவும் குழு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Former West Dunbartonshire MP named new Lord Speaker

Former West Dunbartonshire MP named new Lord Speaker John McFall served as a local Labour politician in the area for 23 years. (Image: Daily Record) Join thousands of others in getting the stories that matter to you sent straight to your inbox.Invalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice A former MP for West Dunbartonshire has been named as the new Lord Speaker. John McFall, now Lord McFall of Alcluith, served for the Labour Party in Dumbarton and then West Dunbartonshire for 23 years before stepping down at the 2010 Westminster election.

The Greensill saga: what s it about and what does it mean for you?

© Dominik Reipka/Bloomberg via Getty Images The collapse of Lex Greensill’s business empire has left a messy international trail across several countries, including the UK, Germany, Switzerland and Australia. Former UK prime minister David Cameron, the German federal government, Softbank, and steel magnate Sanjeev Gupta are just a few of the more eye-catching stakeholders involved. So what actually happened and how are all of these parties involved in the story? Here’s a broad summary of the story so far. What was Greensill Capital and why did it collapse? London-based Greensill Capital was one of the world’s biggest providers of supply-chain finance. (You can learn more about supply-chain finance in our previous article on Greensill).

Bank of England says review of banker bonus cap not a priority

Most of the European bankers affected by the rule work in London. The BoE at the time objected, saying it could lead to banks ramping up fixed pay to get round the cap and there were other ways to curb excessive payouts, such as deferring a portion of the bonus over a long period. Its departure from the EU’s full orbit in December means Britain can ditch or change the rule. “In the post-Brexit agenda at the moment we have other issues that we are prioritizing,” Victoria Saporta, executive director of the BoE’s Prudential Regulation Authority, told parliament’s Treasury Select Committee.

ALEX BRUMMER: Bank of England in murky waters over Greensill

Bailey took matters a step further, pointing out that were it not for the Old Lady s willingness to seek counsel from a wide range of sources, the Covid Corporate Funding Facility could not have been rolled out so rapidly. He rallied to the defence of successive governments by suggesting that the antidote to the problem of lobbying would be to speak to no one .  He argued that this would not make for good decision-making and the Bank had to be rigorous about speaking to a wide range of people.  We now know he was getting his defence in early following the disclosure that former prime minister David Cameron contacted the Bank several times last year in the hope of getting favourable treatment for Greensill Capital.

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