The Square Mile and the EU
03/12/2023
The man who speaks for the City knows the bankers can’t do without Europe.
How Brexit stuffed the City
14/06/2023
The banks pay huge amounts of tax. If they lose business, then Britain’s economy will suffer.
Specialist expat financial planner Blevins Franks is reporting that it is seeing a large increase in the number of UK IFAs enquiring about a move to Europe, spurred by passporting barriers post-Brexit.
UK insurer exodus ‘exacerbates’ difficulties facing dwindling number of homeowners.
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.
Move by UK regulator seen as limiting relocation to EU’s financial centres.
House of lords says ‘significant challenges remain’ for the financial services sector.
Equivalence permits for UK financial services unlikely to be ready by January 1st.
The European Union is ready for every type of Brexit, including granting no further EU access to Britain’s financial sector, the bloc’s candidate for financial services chief said in a document seen by Reuters.
According to financial experts, EU rules will force UK banks to cancel accounts and credit cards of any expat that does not have a UK address.
Lloyds and Barclays among banks taking action due to lack of post-Brexit trade deal.
Brexit strips expats of UK bank accounts
20/09/2020
Lloyds and Barclays say without a deal they cannot afford to keep EU-based customers.
Coutts & Co., the private U.K. bank that counts Queen Elizabeth II among its clients, has warned customers within the European Economic Area that it can no longer offer them mortgages due to Brexit.
Croatia’s prime minister, Andrej Plenković, hinted at move to ensure level playing field.
Deal or no deal, here are the issues that need fixing by March 29.
Swissquote Group Holding SA will likely shift its European retail business from London to Luxembourg following Brexit.
US bank JP Morgan is buying a landmark office building in Dublin in a significant boost for the Irish capital as European cities compete to lure financial institutions away from London in the wake of the Brexit vote. The new premises will be able to house 1,000 staff.
Mark Carney sets 14 July deadline to see plans, saying firms must prepare for ‘all eventualities’ as he calls on politicians not to cut City adrift from Europe
Thomson Reuters is planning to move its foreign exchange trading business from London to Dublin due to Brexit. The company has applied to the Irish central bank for a licence, the Financial Times reported.
Major banks are preparing to shift parts of their operations away from London as Theresa May is set to trigger Article 50.
Paris today launched a major campaign to lure London’s financial firms across the Channel after Brexit. / More than 80 key business bosses, who were gathered at the Shard in central London, were told that the French capital could offer “stability” as the only “global city” that will be left in the EU when Britain quits.