Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
UK Insurers, Banks to Get Regulatory Transition Period in Event of Hard Brexit
Mar 1 2019 // British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit. The Bank of England and Britain’s...
U.K. Cyber-Security Startup Tessian Raises $40M to Support U.S. Expansion
Feb 28 2019 // Sequoia Capital has backed a London-based cyber-security startup founded by a trio of former banking analysts, who were surprised how often documents such as deal-term sheets were accidentally emailed to the wrong...
UK Financial Markets at Risk of Disruption with Hard Brexit: Regulator
Feb 28 2019 // Financial markets are still at risk of disruption if there is a no-deal Brexit, Britain’s Financial Conduct Authority said on Wednesday. FCA Chief Executive Andrew Bailey told a House of Lords committee that despite...
Britain Adopting EU Laws So Financial Firms Ready for ‘Any’ Brexit Outcome, Says Minister
Feb 26 2019 // Britain’s financial sector will continue to function properly whatever form Brexit takes, a junior minister said on Tuesday, though the head of an industry body said it would back proposals to avert Britain leaving...
Unpicking the Complicated Finances of UK Insurance Exec, Pro-Brexit Donor Banks
Feb 25 2019 // Ever since Brexit supporter Arron Banks made the largest political donation in British history he’s been dogged by questions about where he got the money. For a man who told the Financial Times he was worth 100...
UK Prime Minister to Be Forced to Request 3-Month Brexit Delay: EU Sources
Feb 22 2019 // The European Union expects U.K. Prime Minister Theresa May to be forced to request a three-month delay to Brexit, two EU officials said. Discussions between the two sides suggest May will ask for an extension to the...
Aviva Gets Court Approval to Move Assets to Ireland as Part of Wider Brexit Wave
Feb 20 2019 // England’s High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion) in assets to a new Irish company just before the starting gun is fired...
UK Probe of Wholesale Brokers Finds No Evidence of Anti-Competitive Behavior
Feb 20 2019 // Britain’s wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for an industry already spending millions of pounds on Brexit. London’s insurance...
UK-EU Negotiators Work to Find Brexit Deal Compromise with Time Running Out
Feb 19 2019 // U.K. and European officials are working on a new legal text for the most contentious part of the Brexit deal, but time is running out for Prime Minister Theresa May to persuade a fracturing Parliament to unite behind her...
What’s Next for Brexit? Options Include Disorderly, Delayed or No Brexit
Feb 15 2019 // Britain’s parliament last month demanded Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen. With just six weeks until the United...
Insurer Lancashire to Use Lloyd’s EU Hub in Brussels After Brexit
Feb 15 2019 // Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. “We...
UK PM May Scrambles to Find Brexit Compromise as Clock Ticks Down
Feb 15 2019 // British Prime Minister Theresa May is preparing to compromise with the European Union over the future of Ireland’s border, with just two weeks left to save her Brexit deal. Brexit Secretary Stephen Barclay privately...
UK Insurer Aviva Prepares for ‘Hard Brexit’ by Transferring Assets from UK
Feb 14 2019 // Aviva Plc asked a London court to approve the transfer of assets totaling 9 billion euros ($10.2 billion), saying the uncertainty from Brexit was “intensifying” as it joined other insurers and banks triggering...
EU Markets Regulator Seeks Rapid Response Powers for Post-Brexit Problems
Feb 14 2019 // The European Union’s markets regulator urged lawmakers on Wednesday to give it “rapid” response powers to deal with problems that may arise after Brexit. The European Parliament has proposed that the...
Brexit Takes a Heavy Toll on UK Economy: Office for National Statistics
Feb 12 2019 // Mounting uncertainty over Brexit is weighing heavily on the British economy, which slowed last year to its weakest growth rate since the aftermath of the global financial crisis, official figures showed Monday. The Office...
Brexit Uncertainties Create Potential Legal Nightmare for UK Exporters
Feb 11 2019 // Business is brisk at Nim’s Fruit Crisps. Pineapples are imported from Costa Rica, kiwis from Italy and oranges and lemons from Spain. They’re then turned into healthy snacks for export to Israel, South Africa,...
Uber Faces $1.3B Tax Suit in UK from Lawyer Who Won Major Brexit Ruling
Feb 7 2019 // The lawyer who spearheaded a landmark court case — which ended with the European Union’s top court ruling that the U.K. can unilaterally reverse Brexit — appeared in court Wednesday for a fresh battle,...
UK’s Financial Services Industry Still Unscathed from Brexit Uncertainty: Reuters
Feb 5 2019 // Britain’s financial services industry has emerged largely unscathed so far from the build-up to Brexit, with about 2,000 roles expected to have moved or been created overseas even as the risk of a disorderly exit...
UK Corporates Readying for ‘Hardest of Brexits’: Deloitte Survey
Feb 4 2019 // Major British businesses’ appetite to take on financial risk has fallen to its lowest level in nearly a decade due to fears of “the hardest of Brexits” and rising U.S. protectionism, a survey by...
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Feb 4 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
