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Sputnik International
Richard Sharp will take over as chairman of the BBC during one of the most turbulent times in its history.
The 64-year-old former chairman of principal investment in Europe at financial services giant Goldman Sachs will replace Sir David Clementi when he stands down in February, BBC media editor Amol Rajan reported.
He will work closely with new director-general Tim Davie as the corporation faces scrutiny over equal pay, diversity, free TV licences for the over-75s and competition from streaming services such as Netflix, as well as the coronavirus crisis.
The banker, who read philosophy, politics and economics at Oxford, has more than 30 years of experience in the financial sector, and spent 23 years at Goldman, where he reportedly mentored current Chancellor Rishi Sunak.
Britain must not be forced to take EU rules on finance, warns Bailey
It is important to keep control of the rules governing the vital industry, the Governor of the Bank of England told MPs
6 January 2021 • 6:40pm
Britain must not become a “rule-taker” of Brussels’ mandates on financial services in the next stage of Brexit talks, as it is key to retain control of regulations governing the vital industry, according to Andrew Bailey.
The Governor of the Bank of England said the UK must be able to make its own rules for the City, even if it means EU authorities refusing to allow access to markets across the Channel.
The City’s vast financial services sector benefited hugely from the creation of the euro, despite the UK not being a member. Now, a large part of that business is at risk.
Trade deal or no trade deal, the UK’s all-important financial services sector, which accounts for more than one-tenth of the UK’s tax revenues and one-fifth of its service exports, is almost certain to lose its current access to the EU market when the withdrawal agreement transition period comes to an end, on December 31. And Brussels appears to have little intention of granting the sector equivalence status any time soon.