European Commission Vice-President Valdis Dombrovskis warned on Tuesday (2 April) that UK’s disorderly departure from the EU could cause “disruptions” following decades of financial integration and bring volatility to markets and business operations.
UK businesses and consumers should brace themselves for tariffs, customs bureaucracy and higher bank charges if the UK leaves the EU without a deal, London warned on Thursday (23 August) in its most serious reality check to date.
The UK has repeated its demands for a post-Brexit agreement on financial services to go way beyond the EU’s current standard with third countries in a new government paper, warning that a ‘hard Brexit’ will damage the EU. The paper...
Even though Theresa May’s Brexit White Paper prompted a furious reaction from a large section of her Conservative party, not to mention a broadside from US President Donald Trump, not everyone was unhappy with it.
European Commission Vice-President Valdis Dombrovskis told the UK’s financial sector on Tuesday (24 April) that the EU and UK regimes could co-exist together after Brexit, but warned that London would not have a say in the decision-making process.
The industry has accepted that so-called “passporting” rights will not be possible after Britain leaves the EU. The concept of “equivalence” has been mooted as a solution but even agreeing to that will be difficult, writes Mark Boleat.
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).
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.
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.
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.
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