Hospitality, retail and farming leaders all highlighted that Brexit had delivered more challenges than opportunities for the Island. They said it had created ‘more red tape’ and meant fewer European employees staying to work in Jersey.

What did Johnson say about Erasmus in January? / "The hon. Gentleman is talking through the back of his neck. There is no threat to the Erasmus scheme, and we will continue to participate in it. UK students will continue to be able to enjoy the benefits of exchanges ..."

It’s almost 100 days since Britain completed its split from the EU -- almost five years after the referendum vote –- and a clearer picture of the consequences of the decision to leave is starting to emerge.

Dublin has been crowned the most desirable place for City jobs, as 135 firms have relocated business to the Irish capital due to Brexit, new research has revealed.

Both Dublin and Luxembourg continue to be the most popular destinations for office and staff relocations, as well as new European hubs

As the EU finally ratifies the Brexit trade deal, attention shifts to some major loose ends.

Saturday 20 February was the 50th day since Boris Johnson’s Trade and Cooperation Agreement (TCA) came into effect. Anyone expecting it to settle all questions, or even most of the details, of how we will do business with the EU from now on will be mightily disappointed.

With Britain out of the European Union, companies that trade with the continent are contending with expensive disruptions to their businesses and a plunge in exports.

Amsterdam has displaced London as Europe’s biggest share trading centre after Britain left the European Union’s single market, and picked up a chunk of UK derivatives business along the way, according to data published on Thursday.

UK’s departure from the EU prompts shift in dealing of stocks and derivatives.

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.

Equity trading on the Amsterdam stock exchange has for the first time overtaken London. The trading volume in the Dutch capital has quadrupled within one month in January as a result of Brexit.

Amsterdam surpassed London as Europe’s largest share trading centre last month, the Financial Times reported on Wednesday.

The UK has identified nearly 4,000 EU laws and regulations which we are now “free from”. What have we done with these newfound freedoms?

More than 440 firms in banking and finance have moved or are moving part of their business, staff, assets or legal entities from the UK to the EU, and 48 of them have come to Amsterdam, according to research by British think-tank New Financial.

Are banking jobs moving out of London because of Brexit? An updated report from thinktank New Financial suggests they are: New Financial says 332 financial services firms have already moved jobs out of London because of Brexit, up from 60 last time they looked in March.

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

The Chancellor is trying to keep talent in a financial sector that is losing ground to the EU. / Of all the things the government could be doing to improve the economy right now, scrapping the cap on bankers’ bonuses seems like the most brazenly tone-deaf.

'New York has continued to gain at London’s expense,' following the 2016 Brexit referendum

Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday.

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.

Barclays Plc expects to increase its headcount in Paris by about two thirds in the next two to three years, as the French capital increasingly becomes the main trading hub in continental Europe for global lenders after Brexit.

EU chief Brexit negotiator scotches hopes of special deal for City of London.

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.

London risks losing control of its lucrative clearing market under new rules.

PM says agreement ‘does not go as far as we would like’ over sector’s access to EU markets.

The Chancellor and Prime Minister need a plan to counter figures showing lower growth after the hit to EU trade.

In what follows, a group of leading social scientists explore these themes, explaining what has happened in the past, the situation the UK finds itself in now, and the issues that might confront us going forward. The collection is intended as a guide to the big questions confronting the country in the years to come.

VACANCIES tumbled by nearly 30 per cent in Scotland’s key financial services sector last year, as Brexit, Covid and the climate emergency constrained activity.

Welcome to the first in a series of articles which will examine the impact of Brexit on the financial service sector. The aim of these posts is to explain how being outside the EEA will impact key financial service sectors such as asset management, banking and insurance.

City watchers are urging caution as politicians introduce one of the most radical reforms to financial regulation in decades.

High-earning financiers have been abandoning London and moving to Frankfurt, Paris and Milan. That’s worrisome for the U.K. financial capital.

THE UK's decision to break away from the EU cost service exports more than £110 billion over a four-year period, new research has shown.

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.”

Trade figures for City services are revised sharply lower — and they can only get worse.

Brexit will potentially cost London’s economy £9.5bn a year – with the capital’s service sectors bearing the brunt of the downturn, stark new research published by the Mayor of London, Sadiq Khan, reveals today.

Sadiq Khan urges government to strike financial services equivalence deal with EU.

Warning that crisis will ‘get worse as businesses see that there is not much going on in UK-EU negotiations’.

Experts found that UK services exports between 2016 and 2019 were £113 billion lower than they would have been if not for Brexit.

Goldman Sachs moving bankers to the continent amid new rules / EU-based chaperones are now required for London pitches

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.

We have been tracking the impact of Brexit on the banking and finance industry in the UK over the past few years, and our latest report makes for pretty sobering reading.

Bank of France chief claims ‘50 British entities’ have moved over the Channel, while Dublin, Amsterdam and Frankfurt have also benefited.

The City of London finds itself in a precarious situation. With the Brexit trade deal barely mentioning financial services, the flight of the United Kingdom’s financial industry to the European Union will be difficult to avoid.

London, at the heart of the UK’s service sector economy, may lose up to £9.5bn in economic output a year from Brexit.

Private equity veteran Guy Hands says Boris Johnson ‘threw the country and the NHS under the bus’.

In this video, our Council member, financial expert Graham Bishop, reviews the prospects for the City of London after Brexit. / He argues that the British government’s “Edinburgh reforms”, designed to help the City, are little more than pro-Brexit propaganda. They will usually make little difference and in some cases risk repeating the mistakes which led to the financial crisis of 2007-2009.

London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that.

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.

The U.K.’s departure from the European Union pushed more than 440 financial firms to move at least some of their operations, staff, assets or legal entities from Britain to the bloc.

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.

Group launches to try and fix EU-UK friction post-Brexit.

State’s 2016-2019 services exports £126bn higher than projections based on prior trends

The capital’s service sectors will bear the brunt of a downturn, according to a study published by the Mayor of London, Sadiq Khan.

House of lords says ‘significant challenges remain’ for the financial services sector.

From 1 January firms face a barrage of new red tape while others are still waiting on vital decisions about how they will trade with the EU in the post-Brexit era.

The number of Japanese firms in the UK fell by 12 percent between 2014 and 2019. / Brexit drove a shift in Japanese firms out of the U.K. and toward continental Europe, a report shows.

In early 2021, a Brexit deal lacking in provisions for financial services sparked a City-wide scramble to navigate the repercussions of the split. A year later, regulatory experts have bad news — there’s worse to come.

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

This week's Brexit downsides: half a billion in extra costs to import food, the collapse of trade talks with Canada and more.

Poor regulation of harmful chemicals, the City losing control of trillions, the music industry on its knees ... more Brexit consequences.

Your weekly update from the Brexit ‘downside bunker’, chronicling the downsides, and occasional upsides, of Brexit.

Your weekly update from the Brexit ‘downside bunker’, chronicling the downsides, and occasional upsides, of Brexit.

Paris, Frankfurt and Dublin are most successful in luring roles from UK, say consultants

Study finds over £900 billion in bank assets and £100 billion in insurance funds have been moved from the UK to the EU.

The City of London was supposed to have been set free by Britain’s departure from the EU. That’s not how it’s turning out. / In a reversal of the roles they've been used to playing, Britain is demanding the EU toughen up rules, worried about the threat of another financial crisis.

Deadline to agree regulatory equivalence for financial services and allow business after Brexit likely to be missed.

Britain’s economy is forecast to shrink by 0.4% in 2023, more than any other in the Group of Seven richest nations, according to the Organization for Economic Cooperation and Development (OECD). Britain is the only G-7 member whose economy has yet to return to pre-pandemic levels.

In our series looking at life after Brexit, James Moore asks whether London’s financial centre can weather the economic storm.

Chancellor Jeremy Hunt has been accused of encouraging a “race to the bottom” after he unveiled ‘big bang’ plans to slash City red tape.

Citigroup Inc. is preparing to shift more business into the European Union on the back of fresh guidance from regulators this week, a top banker in the region said.

Battle focuses on what EU sees as bloc’s over-reliance on London’s clearing houses handling euro-denominated derivatives.

Twenty companies have announced plans for no-deal scenario but true number could be higher. Financial services firms are preparing to move £800bn of assets out of Britain to Europe as part of Brexit contingency plans, a report has revealed.

Tracker from EY finds 44% of big UK financial services players are moving staff to bloc or considering it.

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.

Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial think tank 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.

Britain left the bloc’s orbit in December and its new trade deal with the EU does not include financial services.

The City of London suffered a loss of £2.3 trillion in a single month in its lucrative derivatives trading market, with Wall Street trading platforms the ones that benefitted.

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.

Executives question the UK government's efforts to secure post-Brexit financial services access to the European Union.

Close scrutiny of UK financial firms’ European Union outposts will continue indefinitely, the bloc’s securities watchdog said, as regulators begin a round of new checks on how they are operating.

Relocation to Amsterdam will give better access to European markets ‘regardless of Brexit outcome’.

If Deliveroo Holdings Plc’s listing was meant to hang an ‘Open For Business’ sign over the City of London, the opening day crash in the shares jarred somewhat with the message the U.K. had intended to send about post-Brexit Britain.

Trade worth hundreds of billions has shifted from London to New York due to Brexit.

Dublin remains the most popular destination for UK financial services firms looking to relocate staff or operations as a result of Brexit, according to EY.

Dublin is expected to attract more financial services companies that are relocating from the UK because of Brexit.

Dublin is the favorite destination for finance firms moving jobs into the European Union after Brexit, according to a study by consultancy EY.

Brexit-related activity within the UK financial services market was muted over 2021.

A new survey shows that since the Brexit referendum, Dublin remains the most popular destination for staff relocations and new European hubs or offices.

UK financial services firms seeking to set up post-Brexit hubs in Amsterdam have been using the Covid pandemic as 'a welcome excuse'.

In the race for business lost by the City of London because of Brexit, Amsterdam’s stock market has surprised European rivals by carving out the biggest slice so far.

MPs have branded a post-Brexit shake-up aimed at boosting growth in the financial sector a "damp squib". / The Treasury Committee said since the "Edinburgh Reforms" package was set out, there has been little progress.

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is today publishing its Peer Review Report on National Competent Authorities’ (NCAs) handling of firms’ relocation to the European Union (EU) in the context of the UK’s withdrawal from the EU.

The European Commission has adopted a draft memorandum of understanding to create a framework of financial services regulatory cooperation with the UK.

Lobbyists in the City with knowledge of the talks are sceptical — calling such a model the 'lowest possible version' of a future UK-EU framework.

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.

The European Union published three draft laws on Wednesday to lift economic growth by deepening its capital market through less reliance on post-Brexit London, cutting red tape on company listings and streamlining insolvency rules.

The European Union published three draft laws today to lift economic growth by deepening its capital market through less reliance on post-Brexit London, cutting red tape on company listings and streamlining insolvency rules.

Irish and Dutch watchdogs have indicated they will more closely police the practice

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.

The European Union swiftly rebuffed calls from the UK government that London's financial services firms should enjoy continued access to the single market even if the country breaks away from the bloc's rules after Brexit.

Brussels plans to crack down on a patchwork of national arrangements that allow banks outside the EU to sell services into the bloc, dealing a blow to lenders in London that rely on the arrangements to cushion the impact of Brexit.

European Commission vice-president says Brussels wants to get ‘Brexit done’ – while London refuses to talk about Northern Ireland.

This is the latest move in an ongoing battle from EU regulators to ensure more financial services business moves back to the bloc after the UK's split with the EU.

The EU suspects the UK is deliberately stoking political tension in Northern Ireland in order to wriggle out of treaty commitments it never intended to honour.

Trading in euro-denominated swaps has fallen sharply in London since Brexit, with volumes moving to New York, Amsterdam and Paris, financial data company IHS Markit said on Thursday.

Stock market listings outside of London are the 'new normal', Stephane Boujnah said, citing Ryanair favouring Dublin trading over London

The European Parliament has branded Brexit a “historic mistake” as MEPs prepare to officially pass the Brexit trade deal later today.

"Brexit is a historic mistake. It was pushed through by irresponsible nationalism, based on false promises and shortsightedness," declared Austrian MEP Andreas Schieder who helped prepare the vote. / "Brexit is bad for Britain and Brexit is bad for Europe," he said.

The agreement on management of key shared stocks secures the fishing rights of both the EU and the UK fleets until the end of 2021.

Analysts in Europe say Britain committed “Anglo-Saxon suicide” when it voted for Brexit.

Britain’s departure from the European Union has triggered the biggest change in trade since it joined the bloc 48 years ago, with companies grappling with export documents, longer delivery times and the need to re-engineer supply chains.

Caps to limit trading in dark pools are set to be scrapped by both jurisdictions, sparking worry for Susquehanna International.

Around half of senior finance executives polled by Big Four accountancy EY expected Brexit to drive more jobs out of London, despite prime minister Boris Johnson’s claims that the City remains an attractive destination for bankers to continue doing business.

Checks and controls on all UK exports to EU whether or not trade deal struck, says Brussels negotiator.

We are beginning to see UK financial services following Northern Ireland and the fishing industry under the wheels of the Brexit bus, exactly as Catherine McGuinness, the City of London Corporation’s head of policy said last year.

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.

Almost 40% of surveyed firms have opened offices outside the UK, the majority in the EU. / UK FinTech firms who predicted in 2018 that they would partly relocate their UK operations to the European Union after Brexit have largely followed through with their plans, according to new research published today in the journal Advances in Economic Geography.

On trade, finance, migration, food standards and more, the UK suffers fresh ignominy on a daily basis.

France is blocking a post-Brexit financial services deal between the EU and the UK until Boris Johnson’s government grants fishermen fair access to British waters, officials have claimed.

France warned that the U.K. is in breach of the Brexit deal after it denied several small European Union fishing boats access to its territorial waters, ratcheting up diplomatic tensions between the two countries.

France is aiming to block a post-Brexit financial services pact between the UK and the EU over a row about fishing rights.

France on Tuesday threatened "reprisals" against Britain unless a post-Brexit deal on fishing rights is implemented, the latest sign of cross-Channel tensions over the highly sensitive sector.

France is threatening to block regulations that would allow the U.K. to continue operating financial regulations in Europe if the country doesn’t respect its Brexit commitments on fishing.

The European Parliament is expected to ratify the post-Brexit EU-UK trade deal, amid tensions including a French threat of reprisals against the UK.

Goldman Sachs Group Inc. is shifting some of its euro swaps trading desk to Milan from London, the latest example of roles moving to the continent after Brexit.

Goldman Sachs bolstered the number of staff working in the European Union by 21% last year, as Brexit continues to reshape banks' operations on the continent.

Get Brexit Done’ has unravelled in a spectacular fashion; a significant knock to the economy, removal of rights and freedoms, more red tape for business and – the most heart-breaking of all – trouble has returned to Northern Ireland. The obvious answer to this foreseeable problem is for the UK to be part of the single market and customs union.

Writing exclusively for FN's sister title Private Equity News, the hedge fund veteran says leaving the EU has eroded the power of the City.

In this Federal Trust Briefing, financial expert Graham Bishop argues that three years after leaving the EU, there are no discernible signs of any benefits from Brexit for the UK financial sector. As the City’s leaders are recognising with growing alarm, the City’s international standing is slowly sinking.

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 role of the London Stock Exchange as a hub for global share trading is changing following the U.K.’s exit from the European Union.

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.

All the talk was of Frankfurt or Paris luring London's financial business as Britain peeled away from the EU. Yet it is Amsterdam that is proving the most visible early winner.

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.

Financial News rounds up our coverage of how the City has been impacted since the landmark Brexit vote.

The UK and European Union are poised to enter the final stretch of negotiations over post-Brexit trading arrangements for Northern Ireland. After years of distrust and tension both sides are optimistic that a settlement is within reach.

Other European cities are eating away at Britain’s edge in financial services. The government is trying to find ways to keep it.

Businesses in the services sectors face ‘major barriers’ despite trade agreement, a study suggests.

Businesspeople, academics, journalists and a top trade unionist have formed a group with the purpose of repairing fractured UK-EU relations.

As revealed in the EY Financial Services Brexit Tracker which monitors public statements made by 222 financial services firms, 36 financial services firms are considering or have confirmed relocating some UK operations and/or staff to Dublin.

Securities settlement for Irish assets worth more than 100 billion euros ($119 billion) has left London for the European Union in the latest adjustment in markets to Brexit.

Many Brexit issues 'still need to be negotiated,” said the JPMorgan boss.

The number of UK-based Japanese firms fell by 12 per cent from 1,084 in 2014 to 951 in 2019, with most of the drop occurring during the politically tumultuous period following the Brexit referendum in June 2016.

Finance firms have announced that about 7,600 jobs will move from the UK to the EU, according to a study by consultancy EY.

Bank sees little chance of financial services deal with EU.

The French capital has gained one year on from Brexit, but cities such as Dublin, Amsterdam and Frankfurt have also emerged as winners.

One of the biggest Brexit battlegrounds between the European Union and the U.K. now has a price tag: at least $2.4 million a day.

Spider’s web of new committees, working groups and arbitration tribunals hints at further negotiations.

KNG Securities is pleased to announce that it has chosen Lisbon to be the new base for its European Union operations following the United Kingdom’s departure from the trading bloc.

'The patience of the regulatory authorities is now wearing quite thin,' says one City lawyer of Brexit loophole tactics.

Starting from 1st January 2021, the provision of banking, financial investment services in Italy by British banks, electronic money institutions, and investment firms shall be deemed to be abusive, unless they have obtained the required authorizations to operate as third-country firms by the competent supervisory authorities.

An EU forum for discussing financial services with Britain will be similar to what the United States has, and it must be in place before market access will be considered, the bloc’s financial services chief said on Monday.

An index compiled by Bloomberg showed combined market capitalisation of primary listings in Paris overtook London in US dollar terms.

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.

Trading in euro-denominated swaps has dropped by nearly 30 per cent in London since the end of the Brexit transition period on 31 December, with trade primarily shifting to New York, Amsterdam and Paris.

Dublin was been chosen as the most desirable place for jobs from London’s financial district, as 135 firms have relocated business to the Irish capital because of Brexit, according to new research.

Fund managers in London have already seen stock-trading upended by Brexit. Now, they worry they could be next.

‘Regulators are simply not going to allow these kinds of Brexit workarounds to be used anymore’.

We have a nationalistic government which is focussing on Red Wall seats in the North, while London’s financial services and arts industry are under threat.

The boss of Europe’s largest exchange group took a swipe at the UK capital, saying Brexit means it is no longer Europe’s dominant financial center.

Amsterdam ousted London as the largest financial trading centre in Europe last month as Brexit-related changes to finance rules came into force.

Closely-watched rankings suggest uncertainty over Brexit has had a short-term impact on the City of London's status.

'The final Brexit deal was effectively a no-deal Brexit for finance... this was a major mistake,' said Sadiq Khan.

LONDON has lost its crown as Europe’s largest stock market to Paris, with France closing a trillion-dollar market gap since the 2016 Brexit vote.

The City of London’s will remain a global financial centre but may not see the ‘golden age’ again, according to NatWest bank chairman Howard Davies.

Wealth managers seeking new bases from which to serve European clients have landed on Luxembourg, with the Grand Duchy seen as a natural successor to London.

More than 3,000 staff have either relocated or had new jobs created in the Grand Duchy due to Brexit, according to Finance for Luxembourg.

President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan's new trading hub in the French capital which he hopes will attract more bankers leaving post-Brexit Britain.

The end of the transition period was merely a staging post within a process that will be long with us, says Chris Grey.

Morgan Stanley has been accused of making up a fake job title for one of its employees in an attempt to trick EU regulators into believing it had moved top execs to Europe to meet post-Brexit rules.

Equivalence permits for UK financial services unlikely to be ready by January 1st.

New York has increased its market share in trading euro interest rate swaps at London’s expense, data group OSTTRA said on Thursday, in the latest sign of how global financial markets are being permanently fragmented by Brexit.

London continues to lag behind New York as the most attractive financial centre of the world, an apparent legacy of Brexit that has made the UK capital take the second spot in Global Financial Centres Index (GFCI) rankings for the third year in a row.

Survey of top bankers and asset managers puts Wall Street in front of the City as favoured location for financial services.

The City of London lost 2.3 trillion pounds ($3.3 trillion) of its lucrative derivatives trading business in March alone, with Wall Street trading platforms gaining the most from Brexit.

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.

A summit crucial to the issue of climate change is instead mired in disentangling the mess of Britain’s exit from the EU

Property sector hit hardest, followed by financial services, leisure and culture, research finds. / The number of UK businesses in “critical” financial distress jumped 17 per cent over the year to the end of March, with a significant deterioration seen in the first quarter of 2019 as Brexit uncertainty deepened.

The U.K.’s departure from the European Union has gifted the City of London’s European rivals with a once-in-a-generation opportunity to win back some of the business that has gravitated towards the Square Mile over the past few decades.

“You could interpret this as the UK having less reach in future," a finance expert has said.

Former business secretary Sir Vince Cable and nearly 60 economists have warned new policies have echoes of those that contributed to the 2008 crash.

Talks to give U.K. financial services firms access to the European Union’s single market after Brexit have been put on hold, according to a government minister.

London used to be the main FX/CFD trading hub in the European Union.

The UK has lost its top AAA credit rating from ratings agency S&P following the country's Brexit vote. S&P said the the referendum result could lead to "a deterioration of the UK's economic performance, including its large financial services sector".

Top level bankers face the axe as Brexit forces reorganisation on sector.

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”.

A shift in equity trading to the EU from London, due to a regulatory dispute over how MiFID II’s share-trading obligation applies after Britain’s exit from the bloc, is unlikely to reverse, we believe, based on 1Q data and with U.K. plans to scrap the rule. U.K. trading venues appear protected, however, having established EU hubs before the Dec. 31 split.

US financial giant is making the decision to cater for its European market.

Britain’s financial services sector should be ready for a no-deal Brexit when a transition period with Brussels expires in December, a senior European Union official said on Wednesday.

'Wimbledonisation' helped the City of London become Europe’s financial capital. But leaving the EU has been much less of an advantage.

The City of London’s chief coping mechanism for dealing with Brexit’s threat to the financial services business is to dismiss the loss of jobs and investment as a trickle rather than a flood.

Trading of European carbon futures will move to Amsterdam from London in the coming months, Intercontinental Exchange (ICE) announced last night.

'No matter which sector you talk to - from video games to abattoirs, broadcasters to supermarket delivery, financial services to care - they all say the same thing: We need access to people.'

Across the world, there is incomprehension at what we have done to ourselves.

First, the lorry drivers dried up. Now, lobbyists in post-Brexit Britain are warning of another looming skills shortage: bankers.

THE Tories are risking a repeat of “the catastrophe of the financial crash in 2008” by cutting back on the safeguards placed on banking in its wake, the SNP have warned.

British broker TP ICAP has revealed that it cannot currently serve some European Union clients because Covid-19 has delayed completion of its new Brexit hub in Paris.

The UK Trade and Business Commission is gathering evidence to understand the main challenges facing businesses, organisations and economic sectors to establish which policies and trading arrangements will help overcome the economic and trading barriers facing the UK today.

Concerns are now mounting that the practice could be deemed questionable by EU regulators.

Europe’s watchdogs are now ramping up efforts to stop City firms side-stepping Brexit

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.

"Around half of the fiscal hole, and the political instability that comes with that, is down to Brexit," John Springford of the Centre for European Reform.

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.

Brexit is hurting the UK economy, Bank of England officials said Wednesday, even as government leaders downplay the impact of the seismic EU withdrawal.

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.

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.

With nearly £3bn leaving UK funds, outflows have surpassed their previous peak around the 2016 referendum.

With Brexit complete, UK negotiators are now striving to reclaim selected access to EU financial markets.

New rules over corporate lending and market trading mean EU rivals may soon have a competitive advantage.

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.

The UK has seen investment from overseas collapse in the past two years, underscoring its diminishing allure as a global business destination since Brexit, revised United Nations data show.

The UK has signed a pact with the EU to increase co-operation on financial services. / It will set up a forum where the EU and UK can meet twice a year to discuss financial regulation and standards.

It is too early to tell if Britain’s financial rules post-Brexit will diverge too far from European Union norms to consider giving it access to the bloc’s markets, a senior EU official said on Tuesday.

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.

Brexit has "permanently damaged" the UK economy, former Bank of England policymaker Michael Saunders warned as London was deposed as Europe's biggest stock market.

Meanwhile former Cabinet minister George Eustice questioned the negotiating strategy that led to the Australia and New Zealand trade deals.

Shadow chancellor Anneliese Dodds has accused the government of “furiously trying to manage expectations down” over its post Brexit trading arrangements for financial services.

Mairead McGuinness, European commissioner for financial stability, financial services and the capital markets union, says Brexit equivalence on clearing is over in 2025.

Mairead McGuinness has launched a plan to strengthen EU’s financial system post-Brexit.

We spoke to the former Conservative Chancellor, Ken Clarke, about the budget and UK trade post-Brexit.