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More than 40 licenses were issued in 2018 to businesses moving to Amsterdam from London due to Britain's departure from the European Union, the Dutch financial markets regulator said on Thursday.
British PM is now more likely to push for 'harder' divorce from EU.
AGE was established in Paris in mid-2019 to prepare for the impact of Brexit on AGUK, which had previously been the entity writing Assured Guaranty’s business in Europe.
Bermuda company pivots to Europe post-Brexit.
More than 440 firms in banking and finance have moved or are moving part of their business, staff, assets or legal entities from the UK to the EU, and 48 of them have come to Amsterdam, according to research by British think-tank New Financial.
The music merchandise specialist says the move will help alleviate the significant trade issues created by Brexit.
Are banking jobs moving out of London because of Brexit? An updated report from thinktank New Financial suggests they are: New Financial says 332 financial services firms have already moved jobs out of London because of Brexit, up from 60 last time they looked in March.
Bank of America's Brexit bill hits $400m
13/02/2019
Bank of America has spent around $400m on preparing for Brexit, which has seen the bank move some operations from London to Dublin and Paris.
Move by UK regulator seen as limiting relocation to EU’s financial centres.
Of all the stupid losses Britain faces from Brexit, few can match the departure of well-paid bankers from London.
The Chancellor is trying to keep talent in a financial sector that is losing ground to the EU. / Of all the things the government could be doing to improve the economy right now, scrapping the cap on bankers’ bonuses seems like the most brazenly tone-deaf.
Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain’s access to the bloc slowed relocations.
“Now that Brexit is finalized, financial institutions have warned us that they intend to pursue their staff-relocation plans to Paris.”
The ECB has been probing where banks’ resources are based — particularly around trading and risk-management — for more than a year in what it has called a desk-mapping exercise.
‘We are only at the end of the beginning of Brexit,’ report says.
The shift of banking activities to Paris from London after Brexit is starting to have a measurable impact on France’s trade in financial services, and the dynamic is likely accelerate, according to the country’s central bank.
The ECB has met with banks in recent weeks, who have now been told which staff need to move over the next few years to meet new Brexit rules.
Banks counting the cost of Brexit have moved or plan to move more than £900 billion in assets to the European Union – the equivalent of ten per cent of the entire UK banking system.
Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday.
Banks may continue to drift away from London if the European Central Bank intensifies its scrutiny of their presence in the bloc, the Bank of England’s deputy governor said.
Barclays PLC is planning to hire 200 new traders in Paris in a fresh blow to the Square Mile in the wake of Brexit.
Barclays Plc expects to increase its headcount in Paris by about two thirds in the next two to three years, as the French capital increasingly becomes the main trading hub in continental Europe for global lenders after Brexit.
Barden's German owner is to shut the Estover plant and shift all production overseas amid 'Brexit uncertainty'.