Home Tags Financial Passporting

Tag: Financial Passporting

City of London breathes sigh of relief on Brexit deal to secure financial crown

UK and EU secured a deal on the relationship for financial services firms operating in the two jurisdictions after Brexit. The pound rallied 1%.
French President Emmanuel Macron attends the U.N. Climate Change Conference in Bonn

‘It’s a bad thing:’ The City of London thinks Macron has it wrong on Brexit

BI PRIME: 'Possibly we need to aim off for a degree of the choreography and theatricality that comes in any negotiation," said TheCityUK's Miles Celic.
The EU's chief Brexit negotiator Michel Barnier

‘In leaving the single market, they lose the financial services passport’: Michel Barnier rules out a Brexit trade deal for the City of Lo...

Michel Barnier said: 'There is no place [for financial services]. There is not a single trade agreement that is open to financial services. It doesn’t exist.'
Office blocks of Citi, Barclays, and HSBC banks are seen at dusk in the Canary Wharf financial district in London, Britain November 16, 2017.

‘We should be far more ambitious’: UK banks fear a Canada-style Brexit trade deal

'CETA is an interesting template, but ... we should seek to be far more ambitious,' said a letter from UK finance, a lobby group which represents UK banks.

Japanese bank Mizuho is setting up a base in Frankfurt to reduce the impact of Brexit

Mizuho, one of Japan's "Big Four" banks, will set up an EU base in Frankfurt in order to mitigate the potential impact of Brexit.

Japanese financial giant SMFG is the latest to confirm Frankfurt as its post-Brexit EU hub

Some SMFG employees will reportedly be moved from London to Frankfurt.

At least 12 banks are moving some operations from London to Dublin after Brexit

'More than a dozen across the spectrum including more than one American bank have decided on Dublin,' said a representative for Ireland's financial services.

London’s grip on its near-€900 billion EU clearing business is slipping

The EU proposed new powers to wrest control of euro clearing from London.

May’s electoral failings could be fantastic news for the City of London

Expectations are rising that Britain could be heading towards a softer Brexit after last week's election.