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By Michael Holden LONDON (Reuters) - Britain's most senior police officer Bernard Hogan-Howe, who oversaw policing at the 2012 Olympic Games and London's efforts to tackle extremism, will retire in 2017 after five years, the Metropolitan police said on Thursday. Hogan-Howe, who was appointed London Metropolitan Police (MPS) Commissioner in Sept. 2011, said he would step down in February, earlier than was expected, to give time for Britain's Home Secretary (interior minister) and London Mayor Sadiq Khan time to select a replacement.
Britain's Financial Conduct Authority has proposed stricter rules requiring bankers advising companies on corporate finance to record all telephone calls and electronic communications, in a bid to clamp down on insider trading and other market abuses. In its third consultation paper on the European Union's landmark reform of securities markets, published on Thursday, the FCA said it would widen the scope of existing rules on taping calls to include corporate finance activities such as advice on capital raising and mergers. "The knowledge that telephone conversations and electronic communications will be recorded...will deter a greater proportion of individuals from potentially committing market abuse," the FCA said.