Died: April 23rd, 2021
Detta OâCathain, who died in Sussex on April 23rd after a short illness, aged 83, was the most successful Irish woman there had ever been in the business and political life of Britain, ending up as a leading Conservative in the House of Lords.
It was a far cry from her Irish background whose nationalism was signalled by the use of the Gaelic form of the surname Kane. Her paternal grandfather, a customs officer, was an early member of the Gaelic League in Ulster. He was forced by intimidation to move south from Belfast. Her father was based in Cork as a tax inspector when Margaret, known as Detta, the eldest of three children, was born on February 2nd, 1938.
FCA planning regulatory ‘nursery’ for fintechs
By Jon Yarker 20
th April 2021 10:29 am
The FCA will unveil a regulatory ‘nursery’ for fintechs this Autumn, after taking on the Kalifa Review’s recommendation for a ‘scalebox’.
Chancellor Rishi Sunak recently announced the regulator would be taking this work forward as part of Project Innovate to encourage the development of fintech companies.
The argument for this is that newly-authorised firms still require higher levels of support from regulators and often enhanced oversight as part of this.
In a speech marking national ‘fintech week’, FCA chief executive Nikhil Rathi said: “This [nursery] will create a period of enhanced oversight as those newly authorised firms develop and grow used to their regulatory status.
Levelling The Playing Field â Innovation In The Service Of Consumers And The Market - Speech By UK Financial Conduct Authority CEO, Nikhil Rathi, To FinTech Week Date
Highlights
Support for innovation has been matched by action to protect consumers and markets.
The FCA will be taking forward the Kalifa Review’s recommendation for a Scalebox, including the creation of a regulatory nursery.
Online search and social media firms need to take greater responsibility for their role in connecting consumers with these investment offers.
We also need to make sure that our internal processes allow for quick action, which is why we are currently reviewing how our Regulatory Decisions Committee functions.
100 Bishopsgate set to be UK s most expensive office
The now-completed 100 Bishopsgate is primed to hit the market later this year for a cool £1.8bn.
That figure would make it the most expensive office building ever sold in the UK.
The 30-plus-storey building is currently owned by Brookfield, a Canada-based asset management firm.
Jefferies and law firm Freshfields are already in the building and it seems they are set for a change in landlord by the end of the year.
The current record is £1.3bn, paid for the Walkie Talkie on Fenchurch Street.
Despite the ongoing disruption caused by the Covid-19 pandemic and its associated lockdowns, property developers still seem keen on the Square Mile.
The EU’s attitude to the City of London makes a mockery of EU claims about level playing fields and seems to breach WTO Most Favoured Nation rules. Amsterdam’s gain of business – though fairly minor – is a sign of the times, and a signal to look further afield. If the EU is set on hostility, we should drop its constraints and unleash innovation.