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News digest 29/1/15: Review of tennis anti-corruption

29 January 2016 by Henry Ker

Review of tennis anti-corruption - read more

Review of tennis anti-corruption

There will be an independent review into tennis’ anti-corruption practices after recent claims of match-fixing.

A joint investigation by BuzzFeed News and the BBC uncovered files showing that 16 top 50 ranked players have been repeatedly flagged to the Tennis Integrity Unit (TIU) over suspicions of match-fixing in the past 10 years. The players included Grand Slam winners and all were allowed to continue competing.

 

FCA orders new inquiry into HBOS chiefs

The FCA plans to take another look at the HBOS group and whether it should take action against its former senior management. Along with the PRA, the FCA will examine the circumstances around why the bank nearly collapsed seven years ago.

Potential sanctions could see senior figures barred from working in the City. The FCA said the investigations would look at whether former board members, including the CEO Andy Hornby and chairman Lord Stevenson, should be struck off the FCA’s approved persons list. There will be no option to bring fines against them as the three-year time limit has elapsed.

The FCA did not identify which past managers it would investigate, although those being investigated have been informed.

 

Brexit would ‘devastate’ football

West Ham Football Club chair, Karren Brady, has warned that Brexit would have ‘devastating consequences for the competitiveness of British football’.

In a letter to the chairs of the UK’s professional clubs, she called on clubs to back the ‘in’ vote ahead of the referendum on whether the UK should leave the EU. She argues that without the EU's freedom of movement laws, football clubs will not be able to bring the best players from the continent and therefore will have a major disadvantage to their European rivals.

 

Murdoch returns as Sky Chairman

James Murdoch is returning as Chairman of broadcaster Sky. The appointment comes four years after he resigned from the role during the phone-hacking scandal. He was the sole candidate put forward for the role by the nominations committee.

The appointment comes just five months after Rebekah Brooks returned to her role as chief executive of News UK; the same job she had before the phone-hacking scandal.

 

Osborne delays Lloyds share sale

The Chancellor, George Osborne has postponed the plans to sell £2 billion of shares in Lloyds Banking Group to the public. He blamed the decision on market volatility. However, it is likely that Lloyds’ shares will suffer again in the next few weeks as it makes provisions for compensation for mis-selling payment protection insurance.

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