€200bn moved across Irish Sea since Brexit: Balance sheets of global banks in Dublin swell to record €500bn
19/01/2022
The Irish balance sheets of a range of global banks that run international operations from Dublin has ballooned to more than half a billion euros.
‘Sacrificed for a bunch of fish’: How the City of London got turned over by Brexit in week one
09/01/2021
Boris Johnson has told us that the City of London will ‘adapt and prosper mightily’ after Brexit. But the industry itself is rather less confident, reports Ben Chu.
‘Inconceivable before Brexit’: Banks again plot job moves out of London as pressure mounts
09/02/2021
The initial phase of Brexit moves was just the beginning, say senior bank executives.
MEP Brian Hayes says Dublin would be ‘ideal’ location for banking watchdog / The London based financial watchdog European Banking Authority (EBA), could relocate to Dublin once the UK moves ahead with plans to exit the European Union.
Mairead McGuinness has launched a plan to strengthen EU’s financial system post-Brexit.
Financial firms will shift almost £800bn of assets from the UK to the Continent ahead of Brexit on 29 March, according to new analysis. / City firms have continued to relocate staff and assets away from London to Europe in the face of increasing uncertainty over the UK’s relationship with the EU.
The financial industry has started to trigger its contingency plans as a no-deal Brexit looks increasingly likely with just days to go until Brexit.
City financial firms have so far committed to move at least 7,000 jobs and £1 trillion of assets out of the UK to prepare for Brexit, with the true cost likely to be higher, research has found.
Xavier Rolet says ‘boat has sailed’ on London clearing amid Brexit battle for trillion-euro business
23/02/2022
Mairead McGuinness, European commissioner for financial stability, financial services and the capital markets union, says Brexit equivalence on clearing is over in 2025.
British sentiment toward leaving the European Union appears to be changing. As the United Kingdom marks a year since its Brexit referendum vote, a new opinion poll shows that a majority now wants to stay. Special correspondent Malcolm Brabant gets a range of reactions as the country faces its independent future.
Brussels firms up position and bloc’s unity before tough talks on future relationship with UK.
What does no-deal Brexit mean? Consequences of UK leaving the EU without deal after Boris Johnson’s warning
16/10/2020
Britain has been told to prepare for a no-deal Brexit when the transition period ends on 1 January 2021, after trade deal talks reached an impasse.
UniCredit SpA is planning to move most of its London-based trading staff to Milan as Chief Executive Officer Andrea Orcel looks to accelerate plans by the bank to shift more people to the continent after Brexit.
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 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.
'Yet a no deal outcome would still have profound implications for the uK. as we analyse in what follows, from trade to connectivity to foreign policy to cooperation in policing, a failure to strike an agreement with the eu will impact on us in numerous ways.'
New rules over corporate lending and market trading mean EU rivals may soon have a competitive advantage.
With Brexit complete, UK negotiators are now striving to reclaim selected access to EU financial markets.
UK defends new post-Brexit finance reforms
09/12/2022
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.
UK could trade its fishing rights for financial services access after Brexit, EU trade chief suggests
14/01/2020
Britain could end up giving EU fishing fleets access to its waters in exchange for favourable terms on the continent for City financiers, the bloc's trade chief has suggested.
The Banker’s rankings of the UK’s five largest banking groups by Tier 1 capital – HSBC, Barclays, NatWest (formerly RBS), Lloyds, and Standard Chartered – have generally declined since 2013.
Talks between the EU and UK on the Northern Ireland protocol are not making much headway and the EU has insisted that issues of trust will need to be resolved before any UK access to EU financial services will be considered.