PRA should have to approve major bank M&A, says Treasury Committee in report on the FSA’s failures on RBS/ABN Amro

In its report on “The FSA’s report into the failure of RBS”, the Treasury Committee recommends that:

“that Government include an explicit requirement for the Prudential Regulation Authority to approve major bank acquisitions and mergers in forthcoming legislation and that HM Treasury, working with the relevant public bodies, report on the legislative or other changes it proposes to make to the current regime regulating acquisitions in the banking sector”.

The Treasury Committee’s report is here (pdf), with a summary here.

Excerpts from the summary:

Tech IPOs in London: investor education is key

The FT on the differing approaches taken in London and the US to educating, and engaging with, potential investors ahead of tech IPOs.

See also: A new route to the UK IPO market: Government plans to relax rules to attract high-growth companies to list on London