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City of London Mayor Michael Mainelli said Dublin had gained most from Brexit, attracting 10,000 positions

Brexit 'disaster' cost 40,000 jobs - City of London chief

Britain's departure from the European Union cost London's financial centre about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates.

Business • 16 Oct 24

Many in the UK finance industry remain wary they could be targeted to prop up Britain's stretched public finances further down the line

Labour win brings few hopes or fears to City of London

Labour's landslide election win in the UK shows few signs of unsettling London's financial heartland after the party's lengthy pro-business overtures.

Business • 05 Jul 24

Michael Mainelli said the City was continuing to attract global capital despite the departure of the UK from the EU

City of London continues to thrive post-Brexit - Mayor

There has been no long term effect on trade in the City of London from Brexit, the Lord Mayor of the City of London has said.

Business • 25 Jan 24

London-based managers run many funds listed in Luxembourg and Dublin, and had been worried this could become harder after Brexit.

European Union agrees post-Brexit rules for hedge funds

The European Union said today it has reached a deal on revising its rules for managers of hedge funds and other alternative investments, easing industry fears of a post-Brexit crackdown on managers in London.

Business • 20 Jul 23

The UK headquarters of Credit Suisse in London's Canary Wharf

Credit Suisse takeover sends shockwaves through London

Bankers in London braced for hundreds of potential job losses and a hit to Britain's already-dented financial sector after the historic rescue of Credit Suisse by Swiss rival UBS.

Business • 21 Mar 23

Since Brexit, the City of London has faces competition from Amsterdam and Paris, as well as longstanding rivals like New York and Singapore

Truss promises to 'unshackle' City of London

Liz Truss becomes Britain's prime minister tomorrow after a campaign in which she promised to"really unshackle" the City of London by making the most of Brexit in the £164 billion financial sector.

Business • 05 Sep 22

The UK wants to ensure the City of London remains globally competitive after being largely cut off from the European Union since Brexit

Britain eyes shake-up in financial data market

Britain has today signalled a shake-up in the availability and price of financial market data due to concerns over "limited competition" for benchmarks, indices and credit ratings.

Business • 11 Jan 22

A survey of over 100 banks, asset managers and insurers shows that more than two-thirds believe that London will remain a top centre

Banks expect London to remain a top financial centre

London will remain a leading global financial centre despite uncertainty over regulation due to Brexit, Lloyds Bank's annual sentiment survey of financial firms showed today.

Business • 13 Sep 21

London's transport operator said this week it recorded its busiest day since the pandemic hit in March 2020

London's financial workers flock back to office

London's financial sector, keen to return to a semblance of normality after the worst of the pandemic, is leading the charge to encourage employees back to their old lives, with some companies even offering free food and social events.

Business • 09 Sep 21

Rishi Sunak said Brexit was a unique opportunity to tailor rules while maintaining high regulatory standards and open markets

UK sets out vision for post-Brexit financial services

Britain's finance minister has pledged to "sharpen" the competitive advantage of the UK financial services sector as he set out his vision for its future after the City of London lost business to the bloc after Brexit.

Business • 02 Jul 21

The City of London has been largely cut off from the EU since Britain's full departure last December

London's 'Golden Age' is over - NatWest chairman

The City of London's "Golden Age" as Europe's financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest chairman Howard Davies said today.

Business • 18 May 21

Brexit forced £2.3 trillion of monthly trading in derivatives to leave the City of London by March - most of which went to New York

New York remains winner in Brexit derivatives migration

New York remains the global winner after Brexit forced £2.3 trillion of monthly trading in derivatives to leave the City of London by March, a report from consultants Deloitte and data company IHS Markit said today.

Business • 11 May 21

The UK has launched an independent review of capital and proprietary trading rules introduced after the global financial crisis

Britain reviews core banking rules in light of Brexit

Britain has today launched an independent review of capital and proprietary trading rules introduced following the global financial crisis as it seeks to bolster the City of London's global competitiveness after Brexit.

Business • 20 Apr 21

City of London Corporation's Catherine McGuinness

Brexit losses 'not catastrophic' for City of London

London has no desire for a "bonfire of regulations" to retain its position as a top international finance centre after Brexit but it is ready to act if the European Union blocks access, the City of London's political leader said.

Business • 27 Jan 21

Cannabis factory found close to Bank of England

The City of London's first ever cannabis factory has been discovered close to the Bank of England as criminals take advantage of the Square Mile's quiet streets, police have said.

Business • 20 Jan 21

The Financial Conduct Authority will temporarily allow UK financial firms to use platforms in the bloc if they do not have arrangements in place to execute the trade elsewhere, such as in the US

UK backtracks over curbs on cross-border swaps trading

Britain's markets watchdog said today that it would allow UK market participants to use platforms in the European Union to trade swaps for up to three months in a bid to avoid potential disruption in markets.

Business • 31 Dec 20

Britain and the European Union are still seeking a post-Brexit trade deal

The potential impact of Brexit without a trade deal

Britain and the European Union are seeking a post-Brexit trade deal, with failure likely to result in increased chaos in mutual trade, financial markets tumbling and huge economic costs.

Business • 10 Dec 20

Financial firms in London have already moved 7,500 jobs and £1 trillion in assets to new EU hubs to avoid disruption to EU clients

Brexit and the City of London - what changes and when

Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 11pm on December 31.

Business • 25 Nov 20

The EU watchdog said the trading obligation for derivatives would not change from the initial policy it set out last year

Brexit: EU tells banks to trade derivatives inside bloc

Banks in the European Union will have to use platforms inside the EU to trade derivatives from January, the bloc's securities watchdog said today, in a move that could cut off the City of London, the world's biggest derivatives trading hub.

Business • 25 Nov 20

Mairead McGuinness said Europe should avoid being overly dependent on a third country for key financial services

Brexit will make EU-UK financial services 'less fluid'

The flow of financial services between the European Union and Britain will be less fluid from January whatever happens in talks on a future free trade deal, the EU's financial services chief designate has said.

Business • 02 Oct 20

Dublin remains the most popular destination for new hubs, followed by Luxembourg, Frankfurt and Paris, EY said

7,500 finance jobs have already left London for the EU

More than 7,500 finance jobs and £1 trillion in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said today.

Business • 01 Oct 20

Unfettered direct access to the EU for Britian's financial services sector ends on December 31

Banks told Covid-19 no excuse to delay EU Brexit hubs

Banks in the UK are coming under growing pressure from regulators to get their new hubs in the European Union up and running even as Covid-19 and foot-dragging by clients disrupt Brexit relocation plans, banks and regulators say.

Business • 26 Aug 20

Banks, insurance companies and asset managers have had to work remotely since the country locked down in March to fight Covid-19

UK bankers face months more of homeworking

Many of the City of London's bankers and traders will be working from their kitchens or bedrooms for at least a year under some scenarios being planned by finance companies in Britain.

Business • 12 May 20

HSBC sends home 100 London staff

HSBC Holdings has sent home more than 100 staff in London after a worker tested positive for the coronavirus, the first known case at a major company in Europe's main financial hub.

Business • 06 Mar 20

All EU financial rules will still be applicable in Britain until the end of December

The City and Brexit - what changes and when

Britain leaves the European Union on Friday night but has yet to negotiate a deal on future trading relations with the bloc.

Business • 28 Jan 20