Weakening rules for banks and insurers after Brexit would be “anathema,” but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said on Thursday. “So as far as the stringency …
A group of banks are directly feeding the British government ideas for a Brexit financial services trade deal, bypassing the industry’s major lobby groups after their blueprint for a future relationship with the EU was spurned by Brussels last year. …
As talks on a Brexit deal fumble on, the uncertainty it has brought is hurting U.K. property firms and the financial services sector. The number of companies classed as being in “critical distress,” often a precursor to insolvency, rose 17 …
Financial firms in Britain continue to shift business to new European Union hubs and won’t stop unless Brexit is canceled, a think tank told British lawmakers on Wednesday. William Wright, head of New Financial, said its study published on March …
A no-deal Brexit would cause disruption and might also have an impact on liquidity in financial markets, the European Union commissioner in charge of financial services said on Tuesday in a stark reminder of the risks posed by a hard …
Optimism about the business outlook among Britain’s financial services firms has fallen at its fastest rate since the 2008 financial crisis amid concerns about Britain’s exit from the European Union, a survey showed on Monday. Business volumes among the 84 …
Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on Tuesday, threatening to slam the brakes on a 7 billion pound ($9 billion)growth sector just as EU states step …
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 a number of measures being taken, …
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 on Brexit. The move, timed for …
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 European Securities and Markets Authority (ESMA) should have powers …
