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The European Union is set to block some countries from accessing parts of the bloc’s financial market for the first time...
Deadline to agree regulatory equivalence for financial services and allow business after Brexit likely to be missed.
The European Union’s chief Brexit negotiator rejected the U.K.’s latest proposals for financial firms to do business with the 27-nation bloc after Brexit, accusing Britain of trying to keep as many of the benefits of the single market as it can.
EU Brexit negotiator Michel Barnier complained of lack of respect and engagement by UK
Brussels looks set to lock the City of London out of European markets from 1 January, with the EU not planning on granting regulatory equivalence before the end of the Brexit transition period.
Equivalence permits for UK financial services unlikely to be ready by January 1st.
The golden age of the City of London began with a big bang. It’s ending with a whimper.
First trading day since Brexit shows early damage to London / Aquis CEO is pessimistic about prospects for ‘equivalence’
The European Union is unlikely to grant broad access for the City of London, and the flight of euro share trading from Britain to the bloc is permanent, UK bankers said on Monday.
With Brexit complete, UK negotiators are now striving to reclaim selected access to EU financial markets.
The European Commission today adopted an equivalence decision determining that the United States Securities and Exchange Commission (SEC) regime for US central counterparties (CCPs) is equivalent to EU rules.
Britain’s finance industry is appealing for greater access to the European Union single market, amid fears that politics could leave large parts of the City of London shut out of Europe for good.
London, at the heart of the UK’s service sector economy, may lose up to £9.5bn in economic output a year from Brexit.
Sadiq Khan urges government to strike financial services equivalence deal with EU.
Amsterdam surpassed London as Europe’s largest share trading centre last month, as Brexit led London to lose business.
The U.K. and the European Union have yet to find a solution for the financial services industry after Brexit, and recent data suggests that Brussels may have the upper hand in negotiations.
London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that.
The U.K.’s plan to review its financial rulebook undermines prospects of a deal with the European Union on post-Brexit market alignment, according to a leading EU lawmaker on the issue.
Sadiq Khan has called for the government to provide greater clarity for the City of London post-Brexit, with the mayor telling Rishi Sunak to “address the concerns of London’s financial and professional services sector”.
House of lords says ‘significant challenges remain’ for the financial services sector.
Activity in first three months of year indicates UK's withdrawal from EU could remake financial centres across Europe in coming years. / A month after Britain voted to leave the European Union, Boris Johnson was asked whether he thought the finance industry would keep its rights to trade freely in the bloc. “I do, I do,” he told reporters. It was never that simple.
Move by UK regulator seen as limiting relocation to EU’s financial centres.