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Category Archives: Brexit
Italian citizens bank accounts frozen owing to shameful post-Brexit rules – The Guardian
Posted: December 22, 2023 at 7:52 pm
Italian citizens bank accounts frozen owing to shameful post-Brexit rules The Guardian
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Italian citizens bank accounts frozen owing to shameful post-Brexit rules - The Guardian
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EU Policy. UK hails financial access deal with Switzerland after Brexit losses – Euronews
Posted: at 7:52 pm
London financiers have largely lost access to EU markets, but the UK says its recognition of Swiss banking and asset management rules is 'ground-breaking'
UK-based financial firms will be able to serve Swiss clients using domestic rules, under an agreement signed by British finance minister Jeremy Hunt today (21 December).
The mutual recognition deal, under which both countries agree to accept each others regulations for sectors like banking, investment and asset management, comes after financiers in the City of London lost significant access to the much bigger EU market next door.
The Berne Financial Services Agreement is a global first, Hunt said in a statement, describing it as a "blueprint" for deals with other trade partners.
The ground-breaking agreement gives British insurers a unique right to serve Swiss clients without a base in the country, and is only possible" due to the new legal situation post-Brexit, the statement added.
The UK's finance and insurance trade with Switzerland grew by 53% since 2016, reaching 3.28 billion in 2022, the UK Treasury said.
Brexit also meant that UK-based banks and brokers could no longer trade freely across the EU bloc, however, and Brussels has been reluctant to open up its market by deeming British laws equivalent to its own.
UK-based banks moved 900 bn in assets to places such as Dublin, Paris, Frankfurt and Amsterdam, one 2021 study by London-based think tank New Financial found, after regulators such as the European Central Bank called for operations to shift to locations within the bloc.
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EU Policy. UK hails financial access deal with Switzerland after Brexit losses - Euronews
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Brexit: How the NI Protocol became the Windsor Framework – BBC.com
Posted: at 7:52 pm
Brexit: How the NI Protocol became the Windsor Framework BBC.com
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Brexit: How the NI Protocol became the Windsor Framework - BBC.com
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EU Approves Three-Year Delay to Post-Brexit Tariffs on EVs – OilPrice.com
Posted: at 7:52 pm
EU Approves Three-Year Delay to Post-Brexit Tariffs on EVs OilPrice.com
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EU Approves Three-Year Delay to Post-Brexit Tariffs on EVs - OilPrice.com
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Travel chaos is ‘only going to get worse’ when new EU fingerprint checks come in – NationalWorld
Posted: at 7:52 pm
Travel chaos is 'only going to get worse' when new EU fingerprint checks come in NationalWorld
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Travel chaos is 'only going to get worse' when new EU fingerprint checks come in - NationalWorld
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British exporters call on government to ease post-Brexit trade frictions with EU – The Guardian
Posted: at 7:52 pm
British exporters call on government to ease post-Brexit trade frictions with EU The Guardian
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British exporters call on government to ease post-Brexit trade frictions with EU - The Guardian
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Brits visiting Europe will have to give fingerprints under new rules – Metro.co.uk
Posted: at 7:52 pm
Brits visiting Europe will have to give fingerprints under new rules Metro.co.uk
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Ursula von der Leyen humiliated as UK forced major EU climbdown in Brexit car victory – Express
Posted: at 7:52 pm
Ursula von der Leyen humiliated as UK forced major EU climbdown in Brexit car victory Express
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Modern slavery a feature of care sector in England since Brexit – The Guardian
Posted: at 7:52 pm
Modern slavery a feature of care sector in England since Brexit The Guardian
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Modern slavery a feature of care sector in England since Brexit - The Guardian
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US president Joe Biden ditches trade deal talks with Britain over fears of job losses – The Independent
Posted: at 7:52 pm
US president Joe Biden ditches trade deal talks with Britain over fears of job losses The Independent
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