Browse content similar to 09/01/2016. Check below for episodes and series from the same categories and more!
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The City Regulator has defended its decision to abandon | :00:22. | :00:26. | |
an inquiry into the culture and behaviour of staff | :00:27. | :00:28. | |
Tracey McDermott, who's acting head of the Financial Conduct Authority, | :00:29. | :00:32. | |
rejected criticism that she had gone soft on the banks, | :00:33. | :00:34. | |
and said that tough penalties remained in place. | :00:35. | :00:36. | |
Critics have accused the government of instructing the FCA | :00:37. | :00:38. | |
Our Business Correspondent Joe Lynam reports. | :00:39. | :00:49. | |
Many people blamed the banks and their | :00:50. | :00:52. | |
behaviour for the collapse in markets and the deepest recession | :00:53. | :00:54. | |
The regulator, the FCA, was investigating banking | :00:55. | :00:59. | |
behaviour and culture last year before suddenly dropping its probe | :01:00. | :01:02. | |
Some people accuse the FCA of going soft on banks | :01:03. | :01:07. | |
but the acting chief executive rejected that claim today. | :01:08. | :01:11. | |
We are not being told what to do by the | :01:12. | :01:15. | |
We have objectives which are set for us by Parliament in statute | :01:16. | :01:20. | |
and we are determined to deliver on those and if you look | :01:21. | :01:23. | |
at what we have been doing over the past six months whilst I've been | :01:24. | :01:26. | |
in the role as Chief Executive, you will see that we have continued | :01:27. | :01:29. | |
to take action against the industry, both in terms of penalties on firms | :01:30. | :01:33. | |
and in terms of penalties on individuals. | :01:34. | :01:35. | |
But some members of the all-party Treasury Select Committee | :01:36. | :01:37. | |
think the Government leaned on the regulator | :01:38. | :01:39. | |
Hopefully prove precisely how they have interfered. | :01:40. | :01:46. | |
The FCA hasn't reached its own conclusions. | :01:47. | :01:48. | |
That claim has been flatly rejected by the Treasury minister Greg Hands. | :01:49. | :01:59. | |
"Ministers had no involvement in and, indeed, no advance notice | :02:00. | :02:02. | |
of this decision by the independent regulator. | :02:03. | :02:09. | |
To suggest otherwise is utterly false." | :02:10. | :02:10. | |
For now, the FCA, which issued ?900 million in fines to banks last year, | :02:11. | :02:14. | |
will continue to monitor them and their | :02:15. | :02:15. | |
behaviour on an individual, rather than collective, basis. | :02:16. | :02:18. | |
The regulator will also be looking for a new Chief Executive. | :02:19. | :02:30. | |
The German Chancellor Angela Merkel has said she will consider changes | :02:31. | :02:33. | |
in the law to make it easier to deport migrants | :02:34. | :02:35. | |
It follows a series of sex attacks in Cologne on New Year's Eve | :02:36. | :02:40. | |
by men described of North African and Arab appearance. | :02:41. | :02:45. | |
They've provoked debate the influx of more than a million migrants | :02:46. | :02:47. | |
German Chancellor, Angela Merkel, has for the first | :02:48. | :02:56. | |
time called for a change to the laws in Germany to make it | :02:57. | :03:02. | |
Joining us from Cologne is our correspondent Anna Holligan. | :03:03. | :03:08. | |
Angela Merkel is convincing the public that there is a long-term | :03:09. | :03:15. | |
plan and limits to tolerance. What we have been hearing after | :03:16. | :03:19. | |
discussions with MPs, is that the party agreed to deny asylum to | :03:20. | :03:25. | |
foreigners convicted of crimes. And we are also hearing she is expected | :03:26. | :03:30. | |
to tighten the laws or deportation. So any asylum seeker convicted of a | :03:31. | :03:35. | |
crime may be subject to a fast-track deportation. In terms of what is | :03:36. | :03:40. | |
happening outside of the Cologne station today, this is an | :03:41. | :03:46. | |
antifascist movement here. They are accusing the far-right movements of | :03:47. | :03:50. | |
trying to use the attacks as a propaganda tool. Germany is facing a | :03:51. | :03:54. | |
critical moment in its asylum policy. | :03:55. | :03:55. | |
Anna, thank you very much. Suspected militants wounded three | :03:56. | :04:08. | |
tourists in a knife attack yesterday evening at a hotel in | :04:09. | :04:10. | |
the Egyptian Red Sea resort According to Egypt's Interior | :04:11. | :04:12. | |
Ministry, security forces shot and killed one attacker and wounded | :04:13. | :04:15. | |
another at the beachside The wounded tourists - | :04:16. | :04:18. | |
two Austrians and a Swede - Grants of ?1,500 are to be | :04:19. | :04:21. | |
given to all households, businesses and charities affected | :04:22. | :04:24. | |
by recent flooding in Scotland. Scotland's First minister | :04:25. | :04:27. | |
Nicola Sturgeon - who's been under pressure from opposition parties | :04:28. | :04:29. | |
over the speed of the Scottish government's response - | :04:30. | :04:32. | |
made the announcement on a visit to the Aberdeenshire town | :04:33. | :04:34. | |
of Inverurie this morning. Six months after escaping | :04:35. | :04:38. | |
from a maximum security prison, one of Mexico's most | :04:39. | :04:41. | |
notorious drug lords, Joaquin "El Chapo" Guzman, has been | :04:42. | :04:43. | |
recaptured and is on his way The authorities took the opportunity | :04:44. | :04:45. | |
to parade the captured kingpin in front of the media at Mexico City | :04:46. | :04:50. | |
airport, as he was bundled Katy Watson reports | :04:51. | :04:53. | |
from Mexico City. Paraded in front of the television | :04:54. | :05:02. | |
cameras, the authorities didn't miss a chance to make sure everybody | :05:03. | :05:04. | |
could see that Mexico's most notorious criminal | :05:05. | :05:07. | |
had been captured. This is a dose of revenge | :05:08. | :05:09. | |
after El Chapo's audacious escape Marines acting on a tip-off raided | :05:10. | :05:13. | |
a home in Sinaloa early on Friday. This was the first | :05:14. | :05:20. | |
picture taken of El Looking dishevelled, | :05:21. | :05:22. | |
he tried to escape by Ivan Gastelum, one of the cartel's | :05:23. | :05:26. | |
regional chiefs, was also captured. TRANSLATION: The arrest of these | :05:27. | :05:34. | |
criminals is the result of more than six months' hard work | :05:35. | :05:38. | |
from the security cabinet, as well as the professionalism, | :05:39. | :05:40. | |
courage and loyalty Today, the institutions | :05:41. | :05:44. | |
of the Mexican state have done their | :05:45. | :05:49. | |
duty to the people. These were the images | :05:50. | :05:53. | |
of El Chapo just two years ago, after he was originally | :05:54. | :05:57. | |
rearrested after more than a decade Last summer, he slipped down a small | :05:58. | :06:00. | |
hole in the shower of his prison cell and made a run for it | :06:01. | :06:09. | |
in a mile-long man-made tunnel. It's unclear whether Mexico | :06:10. | :06:13. | |
will try to keep hold of its most notorious criminal or if | :06:14. | :06:17. | |
the US will want him What is clear, though, | :06:18. | :06:19. | |
is that as El Chapo returns to the prison he escaped | :06:20. | :06:22. | |
from last July, the authorities are hoping they can | :06:23. | :06:24. | |
hang onto him for good this time. The National Lottery's biggest | :06:25. | :06:33. | |
jackpot of ?57.8 million The prize has rolled over 14 times | :06:34. | :06:35. | |
and if nobody matches six numbers, it will be divided among | :06:36. | :06:41. | |
those with five and the bonus ball. The odds of winning are now 1 in 45 | :06:42. | :06:46. | |
million after more balls were added You can see more on all of today's | :06:47. | :06:49. | |
stories on the BBC News Channel. The next news on BBC One | :06:50. | :06:57. | |
is at 5.50pm, bye for now. | :06:58. | :07:08. |