City watchers are urging caution as politicians introduce one of the most radical reforms to financial regulation in decades.
Caps to limit trading in dark pools are set to be scrapped by both jurisdictions, sparking worry for Susquehanna International.
European Commission vice-president says Brussels wants to get ‘Brexit done’ – while London refuses to talk about Northern Ireland.
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.
Brexit Chickens Come Home to Roost 07/06/2022
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.”
Former business secretary Sir Vince Cable and nearly 60 economists have warned new policies have echoes of those that contributed to the 2008 crash.
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.
Boris Johnson and Rishi Sunak should level with the public that Brexit has scarred our economy 28/03/2022
The Chancellor and Prime Minister need a plan to counter figures showing lower growth after the hit to EU trade.
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.
It will be years before the full impact of Brexit on Britain's financial sector is fully known as more activity could leave London for the bloc or other centres like New York, Bank of England Deputy Governor Jon Cunliffe said on Monday.
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.
UK-based derivatives clearing houses will no longer have access to the European Union after June 2025, the EU’s financial services chief has said.
There will be no access to the European Union for Britain's derivatives clearing houses after June 2025, the bloc's financial services chief Mairead McGuinness said on Friday.
The European Commission’s financial services head insisted that U.K. clearinghouses will get no further access to the bloc’s markets after 2025, knocking back the Bank of England governor’s calls for an indefinite trade route into the European Union.
With nearly £3bn leaving UK funds, outflows have surpassed their previous peak around the 2016 referendum.
Mandatory clearing of derivatives contracts by pension funds in the European Union should start in June 2023, helping the bloc to cut reliance on London, the EU's securities watchdog said on Tuesday.
New rules over corporate lending and market trading mean EU rivals may soon have a competitive advantage.
Amsterdam ended 2021 as Europe's top share trading venue, holding its lead over London despite efforts by the British financial centre to make its equity markets more attractive after Brexit.
“You could interpret this as the UK having less reach in future," a finance expert has said.
Brexit passporting: Little appetite among EU finance firms to stay in London as FCA applications disappoint 30/12/2021
It appears that many European financial services firms are not interested in continuing to be authorised in the City, as only half of EU firms that were given a temporary license to operate in the UK – immediately after Brexit – have applied for full authorisation, a Freedom of Information request has revealed.
The French capital has gained one year on from Brexit, but cities such as Dublin, Amsterdam and Frankfurt have also emerged as winners.
In the months after Boris Johnson signed his post-Brexit trade deal with the European Union, the coronavirus masked the economic damage of leaving the bloc. As the pandemic drags on, the cost is becoming clearer -- and voters are noticing.
Dublin is expected to attract more financial services companies that are relocating from the UK because of Brexit.