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.
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.
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.
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).
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.
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).
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).
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.
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.
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).
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).
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.
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).