All the headlines from our Brexit Topic Page, ordered by recency.
Mar 28 2018 // The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of UK-based workers in...
Mar 28 2018 // Is London’s position as the largest international center of finance slipping as a result of Brexit?London has been a critical artery for the flow of money around the world for centuries. The financial services sector...
Mar 23 2018 // The Bank of England said it would update banks and insurers next week on its approach to Brexit given that Britain and the European Union have now adopted a transition deal.“The Bank of England welcomes the EU...
Mar 21 2018 // The British Insurance Brokers’ Association (BIBA) has formed an agreement with the Worldwide Broker Network (WBN) so that BIBA’s UK-based brokers are introduced to WBN’s EU-based brokers — thereby...
Mar 21 2018 // Lloyd’s of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there’s an agreement on how they should be treated in post-Brexit Europe.“Regulators...
Mar 20 2018 // London-based banks and other financial firms won’t put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials said on...
Mar 20 2018 // The European Union will consider offering the U.K. “improved equivalence” for financial services after Brexit, according to the bloc’s latest negotiating guidelines, a system Britain has rejected as...
Mar 19 2018 // The U.K. clinched a deal that will buy it time in Brexit talks in a move the European Union’s chief negotiator hailed as a decisive step. But it’s all still contingent on finding a solution to the most...
Mar 19 2018 // XL Catlin’s London-based insurance operation has introduced a Brexit contract continuity clause. The clause addresses the risk that contracts written by XL’s London-based entities prior to Brexit may become...
Mar 16 2018 // Luxembourg is seeking to persuade at least two additional global insurers to make their post-Brexit home there after attracting American International Group Inc. and Sompo International Holdings Ltd., the head of its...
Mar 15 2018 // London’s future as a global financial center is uncertain because of Brexit and Britain faces a tough task to secure European Union market access for its banks and insurers, a top UK regulator said on Wednesday as he...
Mar 12 2018 // Companies in Britain and the European Union face an extra 58 billion pounds ($80 billion) in annual costs if there is a no-deal Brexit, with Britain’s vast financial sector set to be the worst-hit industry, according...
Mar 9 2018 // Financial businesses have realistic expectations about serving European Union customers after Britain leaves the bloc next year and could deal with a so-called hard Brexit, a top EU official said on Thursday.The EU was not...
Mar 8 2018 // A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year.The EU said on Wednesday that there...
Mar 1 2018 // More than 20 major international institutions chose to set up all or part of their activities in Luxembourg last year, the country’s financial development agency said on Thursday, linking the decisions to...
Feb 28 2018 // The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell.Brexit talks once again look to be stuck around the intractable issue of the...
Feb 27 2018 // Avoiding chaos in the insurance market due to Britain’s European Union exit is a top Bank of England priority and making sure cross-border contracts continue to pay out after Brexit is a major concern, its deputy...
Feb 22 2018 // British ship insurer Steamship Mutual plans to set up a new Dutch subsidiary to ensure continued access to trade in the European Union in case Britain loses single market access.“We are about to apply for a license...
Feb 16 2018 // Britain’s government is ready to push for the kind of Brexit plan for financial services that the City of London has long favored, but which has already run into opposition in Brussels, two government officials said...
Feb 15 2018 // The U.K.’s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world’s leading financial centers, Bundesbank Executive Board member Joachim...