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
3rd January 2019
On the day the United Kingdom leaves the European Union, it will be looking to preserve its current regulatory position on Gibraltar within the Financial Conduct Authority’s (FCA) handbook, the watchdog said. The announcement is in line with the UK’s position that Gibraltar financial services firms should, until December 2020,… Read More
3rd January 2019
The transport secretary has defended awarding a 14 million-pound contract for shipping goods after Brexit to a new ferry company that owns no ships. The government last week awarded three contracts to charter extra ferries to ease congestion if the United Kingdom fails to secure a trade deal before leaving… Read More
28th December 2018
AP – London’s police chief has suggested that Brexit will be costly and could have a damaging effect on public safety. Cressida Dick told the BBC on Thursday that leaving the European Union would be more challenging if there’s no deal in place between Britain… Read More
24th December 2018
Royal Bank of Scotland Group Plc (RBS.L) has applied for a German banking licence to help maintain access to European markets after Britain’s exit from the European Union, the Financial Times reported on Sunday. The bank has plans to replace its current Frankfurt branch with a newly licensed unit, according… Read More