20th March 2019
Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on Tuesday, threatening to slam the brakes on a 7 billion pound ($9 billion)growth sector just as EU states step up competition. The Fuelling Fintech report from TheCityUK, which promotes… Read More
14th March 2019
AP — In a tentative first step toward ending months of political deadlock, British lawmakers voted Wednesday to block the country from leaving the European Union without a divorce agreement, triggering an attempt to delay that departure, currently due to take place on March 29. Parliament… Read More
8th March 2019
Britain must not go soft on anti-money laundering standards to win trade deals after it leaves the European Union, a panel of lawmakers said on Friday. The report on economic crime from parliament’s Treasury Select Committee (TSC) also called for better estimates for such crimes, and for a single supervisor… Read More
26th February 2019
AP — Former Barcelona president Sandro Rosell arrived in handcuffs Monday to stand trial on charges of money laundering related to the sale of television rights for matches involving the Brazil national team. Rosell, a former Nike executive in Brazil who presided over Barcelona from 2010-14, has been accused… Read More
22nd February 2019
The US Securities and Exchange Commission (SEC) has launched an investigation into Danske Bank over possible money laundering, following the publication of details of the €200 billion scandal last year, the lender said. The SEC probe comes after the US Department of Justice also launched a criminal investigation regarding the… Read More
20th February 2019
Berlin will stop extraditing Germans to Britain immediately after Brexit even if it leaves the European Union with a deal, the Financial Times reported on.ft.com/2DPMBED on Sunday, citing a formal notification submitted by Germany to the European Commission last week. By Kanishka Singhm, Reuters, 17 February 2019. Link to… Read More
15th February 2019
FRANKFURT (Reuters) – Some banks that conduct their euro zone business from London have failed to meet regulators’ expectations to move enough staff into other EU countries in time for Brexit, the German bank supervisor Joachim Wuermelling said on Thursday. “Not all SSM banks are currently fully compliant with the… Read More
13th February 2019
Most London-based banks moving to the euro area due to Brexit have made “reasonable progress” in preparing the move, European Central Bank director Sabine Lautenschlaeger said on Wednesday. “We have urged and pushed them (banks) to prepare for all potential outcomes of the political process,” she told an audience in… Read More
7th February 2019
AP — European Council President Donald Tusk took a swipe Wednesday at some Brexit-backers in Britain, wondering aloud what “special place in hell” might be reserved for those who had no idea how to deliver the country’s exit from the European Union. With less than two months to go until… Read More
8th January 2019
Faced with increased uncertainty in the outlook over the UK’s relationship with the EU, financial services firms have continued to relocate staff and assets away from London to Europe, in a bid to protect their clients and investors from the impact of any Brexit outcome. As of 30 November… Read More