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Category: Financial Services

UK proposes capping some Visa, Mastercard fees after five-fold jump since Brexit | BNN Bloomberg

13 December 2023 BrexitCarnage

​  (Bloomberg) — Regulators in the UK are weighing a cap on some of the fees that Visa Inc. and Mastercard…

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Posted in: Banking, Europe, Financial Services Filed under: brexit, credit-cards, eu, uk

Exchange-traded fund issuers face regulatory maze amid Brexit uncertainty | ETF.com

12 December 2023 BrexitCarnage Leave a comment

​  Providers of exchange-traded funds are calling for the U.K. and European Union to harmonize their rules. … European ETF market…

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Posted in: Europe, Financial Services Filed under: brexit, derivatives, ETFs, eu, uk

Hunt’s post-Brexit City shake-up is ‘damp squib’, say MPs | The Guardian

9 December 2023 BrexitCarnage Leave a comment

​  Treasury select committee says Edinburgh reforms launched a year ago have had little impact on UK economy. Read More 

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

UK Treasury under fire for lack of progress on post-Brexit financial reforms | FT

BrexitCarnage Leave a comment

​  Select committee chair calls on new City minister to speed up delivery of Edinburgh reforms. Read More 

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

European governments seek to unshackle from UK financial infrastructure | Euronews

7 December 2023 BrexitCarnage Leave a comment

​  But EU policymakers believe two UK-based clearing houses, the London Stock Exchange Group’s LCH and ICE Clear Europe, could pose…

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Posted in: Banking, EU, Europe, European Commission, European Parliament, Financial Services, UK Filed under: brexit, clearing-houses, eu, uk

Holiday giant Tui considers ditching London stock-market listing | The Independent

6 December 2023 BrexitCarnage Leave a comment

 The German-based company said investors have questioned whether a London Stock Exchange listing is ‘optimal and advantageous’.  Read More 

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Posted in: Europe, Financial Services, Travel, UK Filed under: listing, london, tui

Job cuts, lean bonuses loom over Europe’s bankers in 2024 | Reuters

2 December 2023 BrexitCarnage Leave a comment

​  The $2,669 billion of deals struck so far this year globally is the lowest since 2005, Dealogic data shows, while…

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Posted in: Banking, Economy, Euro News, Europe, Financial Services, Politics, UK Filed under: bankers, brexit, eu, uk

EU committee backs law to relocate euro clearing from London to bloc | WTVB

30 November 2023 BrexitCarnage

​  Long a Brexit battleground between London and Brussels, the EU wants better oversight of clearing in euro denominated interest rate…

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

Scottish independence: Government paper leaves open door to joining euro in future | iNews

17 November 2023 BrexitCarnage Leave a comment

​  62 per cent of Scots voted to remain part of the EU at the Brexit … Brexit referendum (Photo: Getty).…

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Posted in: Currencies, Europe, Financial Services, Scotland Filed under: brexit, eu, uk

ECB push to prevent post-Brexit ’empty shells’ enters new phase | Reuters

15 November 2023 BrexitCarnage Leave a comment

​  The ECB plans to deepen its scrutiny of whether euro zone banking hubs set up in response to Brexit rely…

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Posted in: Banking, Europe, Financial Services Filed under: brexit, eu, European Central Bank, shells, uk

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Comment on Carnage

  • Elizabeth Gardiner on Britain and Europe: time to move together, faster and further | The Guardian
  • Elizabeth Gardiner on Brexit’s slow‑burn hit to UK economy | Rieti
  • Elizabeth Gardiner on Seven times Starmer’s MPs have forced him to U-turn…so far | Politico
  • Elizabeth Gardiner on A warning for Starmer: Brexit’s falling apart, but if you’re not bold on Europe, your Labour rivals will be | The Guardian
  • Elizabeth Gardiner on Labour must follow up plan to return to Erasmus by re-joining EU | London Loves Business
  • Elizabeth Gardiner on Erasmus is back – but what made it so good? | Metro
  • 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

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