About: financial services

Brexit 06-02-2018

UK watchdog calls for finance pact with EU to avoid Brexit chaos

British and European Union watchdogs could sign a pact to avoid Brexit disrupting trillions of pounds in cross-border financial contracts and undermine market stability, a top UK regulator said yesterday (5 February).
Future EU 19-01-2018

May, Macron seek common ground to offset Brexit fallout

Prime Minister Theresa May and her French counterpart Emmanuel Macron agreed a new border security deal yesterday (18 January), through which the UK will pay more to France to stop migrants trying to reach British shores.
Brexit 12-01-2018

UK won’t pay to access single market post-Brexit

The British government yesterday (11 January) ruled out paying the European Union to access the single market after leaving the bloc, as Prime Minister Theresa May tried to reassure finance sector players over Brexit.
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).