Finance Matters

A former Supreme Court judge has launched a campaign to introduce Islamic banking and finance to India.
Justice Krishna Iyer said Islamic finance has the potential to offer sustainable growth while reducing inequality.
“Islamic finance has proven successful in poverty alleviation and promoting sustainable growth in many countries,” he said.
“It is very relevant in our country where [...]

A £3m fund designed to help social enterprises expand has closed after making only one investment in two years.
Triodos, the bank operating the fund, said most social enterprises are not yet ready for large capital injections.
“The recession is having an impact,” said Charles Middleton, Triodos UK managing direction.
“But our experience was mainly not finding the [...]

Following an announcement by Chancellor George Osborne last month, the Government has today confirmed that the Financial Policy Committee (FPC) should be operational by autumn.
In his Mansion House speech last month, Mr Osborne said the Government was launching the FPC in order to regulate financial services and markets.
The proposals came after the coalition Government [...]