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Category: Financial Services

Bailey warns against fragmenting clearing market after Brexit | City A.M.

8 November 2023 BrexitCarnage Leave a comment

​  Andrew Bailey, governor of the Bank of England, has warned policymakers against taking steps that would lead to increasing fragmentation…

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Posted in: Banking, Currencies, Europe, Financial Services Filed under: brexit, clearing market, eu, uk

Brexit proves costly for troubled European debt restructurings | Bloomberg

4 November 2023 BrexitCarnage Leave a comment

​  I’m Giulia Morpurgo in London, where I’m looking at how Brexit has complicated European restructurings. We also have an update…

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Posted in: Business, Europe, Financial Services, Industry Filed under: brexit, debt restructurings, eu, uk

City’s caution over T+1 dashes hopes of Brexit dividend | Financial News

3 November 2023 BrexitCarnage Leave a comment

​  London has little to show so far from exiting the EU. Now it is holding off on stealing a march…

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Posted in: Banking, Europe, Financial Services Filed under: brexit, city-of-london, eu, uk

PayPal gets crypto green light in UK as sets up post-Brexit base | Investing.com/Reuters

2 November 2023 BrexitCarnage Leave a comment

​  By Huw Jones. LONDON (Reuters) -PayPal has been registered to offer cryptoasset activities in Britain, the Financial Conduct Authority said…

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Posted in: Currencies, Europe, Financial Services, Regulation, UK Filed under: brexit, crypto, eu, uk

NatWest suffers its steepest share fall since Brexit | This is Money

27 October 2023 BrexitCarnage Leave a comment

​  The bank reported ‘disappointing’ third-quarter results, missing analyst profit expectations and trimming its lending margins guidance. Read More 

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Posted in: Banking, Europe, Financial Services Filed under: brexit, eu, Natwest, uk

Law Group Calls For Clarity On Financial Reforms After Brexit | Law360

26 October 2023 BrexitCarnage Leave a comment

​  A legal charity has urged HM Treasury to clarify the impact that repealing European Union regulations will have on some…

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Posted in: Banking, Europe, Financial Services, Law, Regulation, UK Filed under: brexit, eu, financial-reforms, regulation, uk

City of London calls for permanent EU market access for UK clearing houses | Euronews

25 October 2023 BrexitCarnage Leave a comment

​  … 2025 and pave the way for the two sides to “rebuild trust” after Brexit. Read More 

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Posted in: Banking, Europe, Financial Services Filed under: brexit, clearing-houses, eu, uk

Post-Brexit Britain scraps cap on banker bonuses inherited from EU | Nasdaq

24 October 2023 BrexitCarnage Leave a comment

​  Britain on Tuesday scrapped a decade-old cap on banker bonuses inherited from the European Union, signalling a clear divergence in…

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Posted in: Banking, Europe, Financial Services, Regulation, UK Filed under: banker bonus cap, brexit, eu, uk

Luxembourg funds face new UK post-Brexit regulations | Luxembourg Times

BrexitCarnage Leave a comment

​  The United Kingdom is set to roll out its new post-Brexit regulations for EU funds selling to British investors, which…

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Posted in: Euro News, Europe, Financial Services Filed under: brexit, eu, funds, luxembourg, uk

Britain, EU discuss risks, reforms, in inaugural financial services meeting | Reuters

23 October 2023 BrexitCarnage Leave a comment

​  … vulnerabilities of non-bank financial firms, in the first official forum between the two sides on finance since Brexit. Read More 

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Posted in: EU, Europe, European Commission, Financial Services Filed under: brexit, eu, finance, uk

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Comment on Carnage

  • Mark on Brexit has been a resounding disaster. Starmer must find the courage to change course | The Guardian
  • Kevin Jones on New entrance fee to visit Europe set to triple, says European Commission | CNBC
  • Elizabeth Gardiner on Labour is risking UK financial crisis by refusing to re-join EU | Rejoin EU Party
  • Elizabeth Gardiner on Brexit rule could leave UK passport holders banned from Spain for three years | Liverpool Echo
  • Elizabeth Gardiner on Reeves accused of leaving devolved nations in red after NICs rise | The Guardian
  • Elizabeth Gardiner on Bregret: Why many Britons regret leaving EU | Deutsche Welle
  • Kevin Jones on Brexiters’ ‘sabotage’ claims as new proposals clear Commons | The Independent
  • Graham on Brexiters’ ‘sabotage’ claims as new proposals clear Commons | The Independent

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