The number of EU bankers earning more than €1 million increased significantly in 2021, according to research by the European Banking Authority (EBA). / The regulator said that the hike in salaries was directly linked to relocations of staff from the UK to the EU following Brexit, as well as improved investment banking and trading sales, and a general increase in salaries.

Lyonnaise de Banque becomes the first to have their licence revoked after the UK's split with the EU.

Chancellor Jeremy Hunt has been accused of encouraging a “race to the bottom” after he unveiled ‘big bang’ plans to slash City red tape.

Labour and the Lib Dems have condemned the chancellor's plan to weaken regulations introduced after the financial crash.

Britain on Friday launched a post-Brexit plan to relax curbs on its powerhouse City sector introduced after the 2008 financial crisis, denying the reforms will bring about new instability.

THE Tories are risking a repeat of “the catastrophe of the financial crash in 2008” by cutting back on the safeguards placed on banking in its wake, the SNP have warned.

Not everyone is convinced that scrapping a number of regulations imposed after the 2008 financial crash will benefit the economy.

Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.

The European Union published three draft laws on Wednesday to lift economic growth by deepening its capital market through less reliance on post-Brexit London, cutting red tape on company listings and streamlining insolvency rules.

An index compiled by Bloomberg showed combined market capitalisation of primary listings in Paris overtook London in US dollar terms.

The French capital will become a focus for the bank as it tries to recruit dozens of fresh staff.

As ECB lines up decisions by end of the year, FN enquiries show it has not ruled out heading to branches in person. / Compliance experts fear a potential crackdown on post-Brexit rule breaches as the European Central Bank looks set to start visiting banks as part of its so-called desk-mapping review.

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.

Guess what, we get unlimited banker bonuses guys!

Thousands of Brits residing in the EU have been informed by UK banks that their EU-based bank accounts will soon be shut.

London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game -- that is the warning from Mark Austin, the latest person charged with sprucing up the UK’s listing rules and helping the city maintain its position as one of the world’s leading financial centers.

Insurance regulator says post-Brexit softening of rules will put billions of pounds of pension saving at risk.

The UK government is looking to scrap the cap on banker bonuses, as it eyes a further break with legacy EU rules, The Independent reported.

Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules to boost London’s competitiveness, or stray from global standards, a UK parliamentary committee report said on Thursday.

The European Central Bank said global lenders who set up units in the euro area after Brexit are still too dependent on operations outside the region, a conclusion that may lead some banks to move more staff into the bloc.

Goldman Sachs bolstered its EU operations by 350 staff last year, as major investment banks face increasing pressure to shift staff to the continent in the wake of Brexit.

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.

Paris, Frankfurt and Dublin are most successful in luring roles from UK, say consultants

A new survey shows that since the Brexit referendum, Dublin remains the most popular destination for staff relocations and new European hubs or offices.

More than 7,000 finance jobs have moved from London to the European Union as a result of Brexit, down 400 from the total anticipated in December, consultants EY said on Tuesday.