October 19, 2020
Britain should tweak financial rules after full Brexit to keep London’s financial hub competitive and deepen ties with growth markets in Asia, a think tank said in a study on Monday. Britain accounted for nearly a third of financial activity …
October 9, 2020
Britain’s full exit from the European Union could be bumpy for investors as banks staff new hubs in the bloc, but there are few threats to wider financial stability, the Bank of England said on Thursday. Britain left the EU …
October 1, 2020
More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said on Thursday. Banks, insurers and asset managers have opened new …
September 29, 2020
Britain’s financial regulator said on Tuesday it had filed for an expedited appeal in a business interruption test case against insurers, but was seeking an agreement by Wednesday to avoid the appeals process altogether. Hundreds of thousands of mainly small …
September 22, 2020
Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will soon unveil new legislation for regulating the City of London, …
July 30, 2020
London’s normally buzzing financial districts will still be a pale shadow by the end of the year, as banks plan for no more than half their staff, who have mostly worked from home throughout the COVID-19 pandemic, to come to …
July 22, 2020
Comparing how banks and insurers from different countries cope with climate change is being hampered by a lack of consistent data, the Financial Stability Board said on Wednesday. Regulators are asking financial firms to gauge “physical” and “transition” risks from …
July 9, 2020
Workers in the City of London need to have greater confidence that traveling on the capital’s public transport system is safe before they will return to their offices amid “mixed messages” from officials, financial industry representatives said. More than 80% …
July 9, 2020
The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses caused by …
July 1, 2020
Banks and insurers in Britain must implement by the end of 2021 plans they have drawn up to deal with risks to their businesses from climate change, the Bank of England (BoE) said on Wednesday. The BoE previously told firms …