brexit
InvestingBritain to Unlock ‘billions of Pounds’ by Easing Insurance Capital Rules
TradingEU-UK Talks on Northern Ireland Impasse: ‘neither Breakthrough nor Breakdown’
BankingDon’t Create Booms and Busts With post-Brexit Reforms, Bank of England Says
TradingSeven in 10 UK Exporters Find No Boost From EU Trade Deal – Bcc
Forcing Foreign Banks to Become EU Branches ‘a Last Resort’, Says Official
Date: February 16, 2022
By Huw Jones LONDON (Reuters) – Forcing foreign bank branches in the European Union to become subsidiaries would be a “last resort” to shed light on regulatory blind spots, a senior EU official said on Tuesday. The bloc has proposed tightening up how foreign banks from Switzerland, Britain, Japan, the United States and elsewhere can offer wholesale market...
Is Valentine’s Day the Boost Our Hospitality Industry Needs?
Date: February 15, 2022
By Faye Jones, services portfolio underwriter at Atradius on the state of the industry, and whether Valentine’s Day can rekindle our relationship with the hospitality sector. If you were asked which industry has been the most affected by the pandemic and Brexit, there’s a good chance you’d think of hospitality. And although the economy as...
UK Plc Must Stop Firefighting and Innovate to Solve the Productivity Puzzle
Date: February 15, 2022
By Tony Russell, Chief Growth Officer at Proteus As productivity in the G7 continues to stride ahead, Brexit and the Covid-19 pandemic has knocked any progress the UK was making, leaving the country significantly lagging its peers. The decade-long productivity puzzle is proving hard to shift. The UK has found it difficult to make any...
Forcing Foreign Banks to Become EU Branches ‘a Last Resort’, Says Official
Date: February 15, 2022
By Huw Jones LONDON (Reuters) – Forcing foreign bank branches in the European Union to become subsidiaries would be a “last resort” to shed light on regulatory blind spots, a senior EU official said on Tuesday. The bloc has proposed tightening up how foreign banks from Switzerland, Britain, Japan, the United States and elsewhere can...
Britain Sets Out post-Brexit Blueprint for Investment Funds Sector
Date: February 11, 2022
By Huw Jones LONDON (Reuters) -Britain’s finance ministry set out its stall on Thursday for reforming the 11 trillion pound ($15 trillion) investment funds sector following Brexit, saying it will simplify how the industry is taxed. Britain is a global centre for managing funds, but many of them are listed in EU centres such as Luxembourg...
BoE’s Bailey Sees No Need for EU Time Limit on Euro Clearing Access
Date: February 11, 2022
By David Milliken LONDON (Reuters) -The European Union should not have set a time limit on how long clearing houses in Britain can continue serving customers in the bloc, Bank of England Governor Andrew Bailey said on Thursday. Bailey told an annual dinner for British financial services lobby TheCityUK that he welcomed this week’s EU...