HM Treasury

Executive remuneration in the UK financial sector is "wildly out of line" with other parts of the market, according to outgoing IMA chief executive Richard Saunders.

The Treasury is under so much pressure it should consider getting funding directly from the financial services industry, former cabinet secretary Gus O'Donnell has said.

Andrew Tyrie, the chairman of the Treasury Select Committee, has asked George Osborne to respond to suggestions from Barclays that retrospective tax action taken against the bank earlier this year was "unwarranted".

INVESTING

ITs

HM Treasury is pressuring the US government for a ‘carve out' on FATCA for low risk institutions, ahead of a draft paper due this week.

The Bank of England has proposed setting up an internal oversight committee to monitor and assess the processes employed in making financial stability policy decisions.

Pensioners and savers are being deprived of thousands of pounds through high management fees that are often hidden, according to leaked advice provided by consultants to the Treasury.

FSA chief executive Hector Sants insists the regulator is considering the Treasury Select Committee's recommendations on the RDR, following an angry letter from TSC chairman Andrew Tyrie.

The Chancellor appears before the Treasury Select Committee (TSC) this afternoon to answer concerns about the accountability of the Bank of England