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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Uma Rajagopal

    Posted on November 3, 2022

    Featured image for article about Top Stories

    By Amanda Ferguson

    BELFAST (Reuters) -The UK government could change the law to delay elections in Northern Ireland, the Republic of Ireland’s foreign minister said on Wednesday after a meeting with the British minister for the region.

    The deadline passed last week for forming a power-sharing government following elections in May and Britain’s Minister for Northern Ireland Chris Heaton-Harris said he was legally obliged to call new elections within 12 weeks.

    Heaton-Harris has so far failed, however, to set a date and has not publicly raised the prospect of a delay. He said on Tuesday that he would provide a further update on next steps “in due course” following meetings with the main political parties.

    Irish Foreign Minister Simon Coveney told journalists in Belfast after meeting Heaton-Harris that there were only two options, “a legal obligation to set a date for an election or else there will have to be new legislation to avoid an election at this time.”

    “No decisions have been made yet but certainly we’re not going to have to wait weeks for that clarity … I made it clear that the Irish government’s position is that we don’t believe an election at this time is a good thing for Northern Ireland.”

    Coveney said the region’s main political parties shared his view that an election now would be “unnecessary and unhelpful.”

    Northern Ireland has been without a functioning devolved government since February when the pro-British Democratic Unionist Party began a boycott of the regional assembly in protest at post-Brexit trading arrangements.

    The main parties have said they expect a new vote will do little to break that stalemate. Irish nationalists Sinn Fein won the most seats for the first time in May’s voting and opinion polls have moved little since.

    Britain and the EU resumed talks in October for the first time in seven months about their post-Brexit trade dispute over Northern Ireland and Coveney said a resolution was possible by the end of the year if both sides compromise.

    The two sides are deadlocked over the Northern Ireland protocol, the part of the Brexit deal that mandated checks on goods moving to Northern Ireland from the rest of the United Kingdom because of its open land border with EU member Ireland.

    (Reporting by Amanda Ferguson and Conor Humphries; editing by Padraic Halpin and Grant McCool)

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