About: City of London Archives

Financial institutions based in Britain will lose so-called passporting rights allowing them to operate across the European Union unless post-Brexit Britain is at least part of the European Economic Area, ECB policymaker Jens Weidmann has said.

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.

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.

A German politician said on Thursday (18 August) he was trying to persuade foreign banks to make Frankfurt their home after Britain's vote to leave the European Union, and outlined how Europe's biggest economy wants to bolster its financial capital at London's expense.

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).

British Prime Minister David Cameron once gleefully offered to "roll out the red carpet" for French executives wanting to escape staggering wealth taxes.

Britain's City of London financial district would have to give up its role in processing euro currency transactions after it leaves the European Union, French President François Hollande warned on Wednesday (29 June).

London's financial district is set for a sleepless night Thursday (23 June) as traders hunker down to await the hotly-anticipated EU referendum result.

A draft accord to help keep Britain in the European Union is "very fragile", a top EU official warned yesterday (10 February) as France and eastern states pushed for changes before leaders meet to try and seal the deal next week.

Draft European Council conclusions suggest that the relationship between eurozone countries and the City of London remains a sticking point in negotiations on a series of reforms to keep the United Kingdom in the EU.

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).

Fewer senior finance executives in British firms want to stay part of the European Union than six months ago, a new survey by professional services firm Deloitte said on Monday (4 January).

Chancellor of the Exchequer George Osborne will take the British government's campaign for EU reform to three Scandinavian capitals on Monday (24 August), hoping to drum up support from non-euro member states such as Sweden and Denmark.

If there is a symbol of British ambivalence to Europe then it may be the euro itself.

London is likely to suffer the most in the event of the UK leaving the European Union, according to a new report by Open Europe, a euro-critical think tank.

Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday (20 November), withdrawing its legal challenge after an adviser to the bloc's top court made clear it was unlikely to succeed.

Should the UK vote to leave the EU in a future referendum, the decision will have far-reaching and damaging consequences for London's financial sector, writes Sajjad Karim.

Exempting Britain's banks from planned European Union rules to curb risky trading would be illegal, the bloc's lawyers said on Monday (16 June) in a legal opinion that marks another setback for UK attempts to limit Brussels' influence on the City.

A British exit from the European Union could wreck London's position as the only financial centre to rival New York and isolate the country's economy, research ordered by a lobby group for banks and money managers showed.

London's financial services centre would lose access to the wider European Union should Britain quit the bloc, the EU's justice chief said on Monday (17 February), warning that such a move would reduce its status to that of an offshore centre.

Britain has launched a legal challenge to the European Union's cap on bankers' bonuses which London fears will hurt its financial industry.

Britain has won backing to curb the power of the European Union market watchdog to ban short-selling in a boost to a campaign against the concentration of financial regulation in Brussels at the expense of the City of London.