Articles by Andy Bruce and Huw Jones

UK Must Avoid Being a ‘Mere Taker’ of EU Financial Services Rules in Return for Access

Britain should not submit to the European Union’s financial services rules just to get better access to the bloc’s market after Brexit, Bank of England Governor Andrew Bailey said on Wednesday. European daily share trading worth 6 billion euros ($7.36 …

Solvency II Capital Rules for Insurers Need Changing: EU Watchdog

The European Union’s capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like banning dividends to preserve solvency during market shocks, the bloc’s insurance watchdog said on Thursday. The EU is reviewing its …

EU Tells London Banks, Insurers to Get Used to Limited Access

Britain’s huge financial sector will never again have the same access to the European Union as it did when the country was a member of the bloc, the EU’s financial services chief said. Brexit makes it “even more urgent” for …

Lawmakers Aim to Ensure UK Financial Services Stay Competitive Globally After Brexit

Britain’s lawmakers launched an inquiry on Friday aimed at ensuring its financial services remain globally competitive after the country’s full departure from the European Union next month. “We’ll make a series of recommendations for how the government, public bodies and …

EU Still Seeking Clarity Over Britain’s Financial Services, Insurance Rules

The European Commission is still waiting for Britain to say if it will diverge from European Union rules before Brussels can decide on UK financial market access, a spokesman for the EU executive body said on Tuesday. Daniel Ferrie, the …

London Stock Market to Require Climate Disclosures for Listed Companies

Companies listed on the London Stock Exchange will have to improve disclosures on the risks they are facing from climate change from January, Britain’s financial watchdog said on Monday. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), said …

More Firms Need to Disclose Potential Financial Hit from Climate Change: Regulator

Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a global regulatory body said on Thursday. Climate change can …

London Must Clarify How Far It Will Diverge from EU Financial Rules: EU Official

Britain must spell out how far it wants to diverge from European Union rules if it wants access to the bloc’s financial market from January, a top European Commission official said on Tuesday. Britain has left the EU and access …

Bank of England to Require Company Disclosures on Climate Risks

Current rules on company disclosures to help markets price in risks from climate change will become mandatory, a senior Bank of England official said on Friday. It is the latest push in the financial sector to harmonize standards globally so …

UK Should Adjust Rules for Financial Services to Stay Competitive After Brexit: Study

Britain should tweak financial rules after full Brexit to keep London’s financial hub competitive and deepen ties with growth markets in Asia, a think tank said in a study on Monday. Britain accounted for nearly a third of financial activity …