About: financial services

Brexit 11-10-2017

EU lawmakers tentatively back Brexit clearing law that could clobber Britain

European Union lawmakers on Tuesday (10 October) gave broad support to a law that could end the City of London's global dominance in clearing euro-denominated financial contracts after Brexit.

Brexit 24-08-2017

UK finance sector fights to preserve ‘passporting’ rights

The UK's financial sector is seeking an "ambitious" trade pact between Britain and the EU to try to prevent a costly shift of jobs and business to the continent once the country leaves the bloc, according to a draft report seen by Reuters.

Brexit 15-06-2017

How should the EU react to Britain’s general election?

The EU-27 can force Britain’s politicians to acknowledge Brexit’s trade-offs, by offering the British four options from which it must choose, write Simon Tilford and John Springford.

Brexit 25-04-2017

EU warns Britain: Don’t assume free trade deal for the City

European Union leaders will warn Britain it cannot assume its big financial services industry will be included in any free trade deal after Brexit, diplomats said on Monday (24 April) after fixing negotiating terms in a draft document.

Brexit 25-04-2017

Jobs hold fast in shadow of Brexit… for now

Britain’s labour market has so far been resilient, but salaries could fall as a result of increased competition after the country exits the EU.

Digital 23-03-2017

Brussels eyes EU-wide licence for FinTech startups

The European Commission wants to create a special regime to attract FinTech companies in Europe and help the old continent compete globally on this promising new market, EU sources told EURACTIV.com.

Euro & Finance 09-02-2017

Dombrovskis: Brussels wants Brexit deal ‘for all’

The European Commission's vice-president Valdis Dombrovskis argued on Thursday (9 February) that a Brexit deal must benefit financial services sectors in both Europe and Britain.

Britain launches interventionist drive for post-Brexit industrial revival

The UK government yesterday (23 January) unveiled a new interventionist approach to rebalance its heavily services-based economy for the post-Brexit era, in a break with traditional Conservative laissez-faire economic policy.

Brexit 19-01-2017

Goldman Sachs to slash London presence due to Brexit

US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its City headcount by half, German business daily Handelsblatt reported today (19 January).

Euro & Finance 21-10-2016

France strengthens financial transaction tax to fund development

France will increase its Financial Transaction Tax in an attempt to halt the decline of its official development assistance budget, which has been cut each year since 2012. EURACTIV France reports.

Euro & Finance 29-09-2016

French financial regulators throw open their arms to the victims of Brexit

France will accelerate and simplify the registration of financial companies looking to leave the City of London ahead of the UK's exit from the EU, the country's regulators announced on Wednesday (28 September). EURACTIV’s partner La Tribune reports.

Brexit 16-09-2016

Capital flight: The City will decline outside EU, and Britons will be the poorer for it

The effects of Brexit may not be felt immediately, but it spells the end of the City as we know it. The last 15 years will go down as London’s golden age and be sorely missed, writes Nicolas Véron.

Brexit 01-09-2016

French business lobby: ‘Prolonging Brexit will damage the EU’

The result of the British referendum should be enacted as soon as possible to avoid paralysing the European Union, France's top business lobbyist told EURACTIV France.

Euro & Finance 24-08-2016

Frankfurt charm offensive for Brexit-wary London firms

The marketing team of Frankfurt never expected its English-language dummy website to attract new businesses would actually go live after Britain's European Union referendum.

City of London skyline at sunset
Brexit 03-08-2016

City of London urges courting of ‘old’ friends like US, Japan after Brexit

Deepening ties with European companies and "old friends" like the United States and Japan would help Britain preserve its global role in finance after leaving the EU, an industry body said on Wednesday (3 August).

Brexit 27-07-2016

Barnier, battler of British bankers, is Commission’s new Brexit boss

Michel Barnier, the former financial services Commissioner with a testy relationship with the City of London, will lead the Brexit negotiations with the United Kingdom, the European Commission announced today (27 July).

Brexit 10-06-2016

Ireland, Malta and Cyprus most concerned about Brexit

European countries relying on finance as a source of revenue are becoming increasingly concerned about Brexit, according to search data from Google. And with good reason: rating agency S&P has highlighted just how sensitive their economies are to the UK. EURACTIV France reports.

Bitcoin expert: EU should ‘wait and see’ before regulating blockchain

Lawmakers are debating how to deal with virtual currencies and, in particular, with the promising technology behind them: blockchain. Patrick Murck, co-founder of Bitcoin Foundation, believes that the current ‘hands-off’ approach is the right one.

Brexit 11-04-2016

Brexit could boost UK financial technology firms – but only in short-term

Britain leaving the European Union could give fledgling financial technology companies an immediate shot in the arm but deprive them of expansion later on, industry officials said on Monday (11 April).

Brexit 01-04-2016

REVEALED: Europe’s secret revenge plans for Brexit

EXCLUSIVE  / Vengeful European Commission officials have drawn up a secret punishment list for the UK if it chooses to leave the EU at the 23 June referendum on its membership of the bloc.

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Digital 14-01-2016

How can financial services work better for EU consumers in the digital age?

2015 has seen high-profile EU initiatives in financial services, most notably the publication of the Capital Markets Union (CMU) proposals. But attention is also turning to the ‘consumer agenda’.

City of London skyline at sunset
Brexit 07-01-2016

HSBC, Barclays say EU has been crucial to London success

Britain's financial sector has thrived in the European Union and quitting the 28-country bloc could limit access to a huge market and trigger an "investment pause" due to inevitable disruptions, senior bankers told lawmakers on Wednesday (6 January).

Digital 01-12-2015

Hands off! The next generation of the Internet is here

Blockchain, the technology behind Bitcoin, is expected to take our digital environment to the next level. While the risks involved are growing in parallel with its development, regulatory responses are not a priority for lawmakers.

Euro & Finance 10-11-2015

EU poised to delay landmark financial markets reforms

The European Union's major reform of financial market rules faces a delay of a year to January 2018 to give the financial services industry more time to prepare, a senior European Commission official said on Tuesday (10 November).