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.

It has been almost two and a half years since the United Kingdom signed its post-Brexit trade deal with the European Union (EU), which was expected to have multifaceted impacts on the UK economy.

Europe’s top securities watchdog wants London-based hedge funds and asset managers to prove they have built up a presence in the European Union after Brexit.

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.

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.

European Central Bank President Christine Lagarde said the rule of law was of paramount importance, when questioned on Wednesday about attempts by Britain to override some Brexit trade rules related to Northern Ireland.

While the picture’s hardly pretty and certainly not what advocates of Brexit envisioned, none of it surprises economists. As a former Bank of England official observed: “You run a trade war against yourself, bad things happen.”

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.

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.

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.

Ireland moves up global, EU rankings as banks relocate post Brexit.

The boss of the UK’s largest bank has warned banks and their clients will have to swallow higher costs if Brexit fragments the European financial market.

The key goal of the government is to placate the right by sustaining foreign quarrels.

Now that hiring has made a comeback in London banking circles, some recruiters are complaining of a new phenomenon: too little talent.

Move by UK regulator seen as limiting relocation to EU’s financial centres.

Young bankers waiting to learn when or whether they might be relocated to the European Union can take some solace from the fact that oftentimes, their bosses also don’t know their own fate.

The UK agreed to make a series of payments to the EU, as part of the deal when it left in January, often called the divorce bill.

Europe Letter: ‘Outrageous’ demand by investors to buy EU’s debt seen as vote of confidence in euro.

To avoid unfair competition, the bloc's markets regulator promises to closely examine British-based financial firms.

Ursula von der Leyen to head European commission and Christine Lagarde to lead ECB