Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
UK Banks, Insurers Support Global Standards for Regulation After Brexit: Watchdog
Jul 13 2018 // Britain’s banks and insurers want to stick to global standards on financial regulation after Brexit and are not calling for a “race to the bottom” to win business from European rivals, the head of...
Financial Services Industry Slams Latest UK Proposal for Post-Brexit EU Trade Ties
Jul 13 2018 // Britain’s financial industry slammed U.K. Prime Minister Theresa May’s latest proposal for Brexit, with some calling it the worst outcome possible. In some of their most forthright comments since the referendum...
EU Dismisses UK Concerns About Post-Brexit Continuity of Insurance Contracts
Jul 12 2018 // The Bank of England’s warning that Brexit threatens trillions of pounds of financial contracts is falling on deaf ears in Brussels. Valdis Dombrovskis, the European Union’s head of financial-services policy,...
Facebook Faces £500,000 Fine in UK over Cambridge Analytica Data Privacy Violations
Jul 11 2018 // Facebook Inc. could be fined a symbolic 500,000 pounds ($664,000) by the U.K.’s privacy regulator after the social network giant failed to prevent key user data falling into the hands of a political consultancy that...
UK’s Top Brexit Officials Resign, Creating New Uncertainties for Business
Jul 9 2018 // Just as Prime Minister Theresa May softened her plan for leaving the European Union — a move that companies welcomed — the resignation of the U.K.’s top Brexit officials and foreign secretary creates new...
Brexit Begins to Hit UK Financial Services as EU Counterparts See Big Gains: Study
Jul 9 2018 // Britain’s financial-services industry is suffering a drop in foreign investment while some of its European counterparts enjoy big gains, according to a new study that shows the starkest indication yet of...
Luxembourg Runs Low on Large Offices for Insurers, Banks Seeking Post-Brexit HQs
Jul 2 2018 // Luxembourg is so tiny that map-makers have been known to give up and pretend it’s not there. So as the minuscule financial hub continues to draw London firms opening up a post-Brexit presence in the European Union,...
EU Needs to Prevent Brexit Threat to Derivative Contracts: BOE’s Carney
Jun 27 2018 // Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of derivative contracts, stepping up pressure on the European Union to act. Unless the EU follows the U.K....
What’s Ahead for Reinsurance Industry in 2018: Fitch
Jun 27 2018 // The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits...
International Underwriting Association Publishes Brexit Contract Continuity Clause
Jun 26 2018 // A Brexit clause has been published by the International Underwriting Association (IUA) to help companies manage insurance contracts as the UK leaves the European Union. The Brexit Contract Continuation Clause aims to...
EU Will Not Ease Post-Brexit Market Access for UK Insurers, Banks: Official
Jun 26 2018 // The European Union’s default market access for foreign financial firms will not be eased for Britain after Brexit and improvements to the equivalence regime will apply to all third countries, an EU official told...
Modernization, Underwriting Systems & Brexit Top COO Priorities: Lloyd’s Market Assn.
Jun 25 2018 // Market modernization, underwriting systems upgrades and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers (COOs), a survey commissioned by the Lloyd’s Market...
Thousands of UK Jobs at Risk over Slow Brexit Negotiations, Business Groups Caution
Jun 25 2018 // Prime Minister Theresa May faces a new onslaught over her Brexit plans from corporate Britain, after the U.K.’s five main business lobbies urged her to make progress in the negotiations or risk losing jobs and...
Uber Girds for Court Battle to Continue Operating in London
Jun 25 2018 // In a TV ad currently airing in the U.K., a young woman leaves a bar alone and prepares to step into an Uber. “I know his license number and he’s made 3,000 trips and speaks four languages,” she says to...
UK Regulators, Lawmakers Get Tough on ‘Poor Performance’ of Big 4 Auditing Firms
Jun 19 2018 // The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses. Over...
KPMG’s Audit Work Is of `Unacceptable Standard:’ UK Regulator
Jun 19 2018 // KPMG’s audit work in the U.K. is of an unacceptable standard, Britain’s accounting regulator said, fueling calls to reform the industry, including dismantling the “Big Four” players. In an...
UK Court Rules Contractor Entitled to Employment Rights in Test Case for Gig Economy
Jun 18 2018 // A London plumber who claimed he was unfairly dismissed after years of working as a contractor won a court ruling Wednesday [June 13] giving him employment rights, in a closely watched case testing labor rules in the...
Massive Cyber Attack of UK Retailer Dixons Carphone Prompts Data Watchdog Probe
Jun 15 2018 // The U.K.’s data-protection watchdog said it’s investigating a cyber attack at Dixons Carphone Plc that affected almost 6 million payment cards. The retailer, already struggling with a slowing mobile-phone...
UK Insurance Entrepreneur Banks Accuses Lawmakers of `Witch Hunt’ to Derail Brexit
Jun 13 2018 // Arron Banks, one of the self-described “bad boys of Brexit,” said he has no business interests in Russia and there was no evidence of a conspiracy connected to Britain’s vote to leave the European...
Arch Capital Chooses Dublin for Its Post-Brexit EU Headquarters
Jun 11 2018 // Bermuda-based Arch Capital Group Ltd. plans to expand the group’s underwriting operations in Dublin to ensure continuity of its operations across the European Union (EU) when the United Kingdom leaves the...
