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Some banks slow in implementing Brexit plans: ECB’s Enria

FRANKFURT (Reuters) – European Union banks have put in place all the plans for Brexit but execution is lagging as lenders await the outcome of negotiations between Britain and the EU, European Central Bank banking supervisor Andrea Enria said on Monday. Some b... More »

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UK will leave the EU on October 31: finance minister Javid says

MANCHESTER, England (Reuters) – The United Kingdom will leave the European Union on Oct. 31, hopefully with a deal, finance minister Sajid Javid said on Monday. “Hopefully we leave with a deal,” Javid told ITV. “If we cannot strike a deal, I think it is import... More »

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As London squabbles, full Brexit talks start in Brussels

European Union’s chief Brexit negotiator Michel Barnier and his delegation and Britain’s Secretary of State for Exiting the European Union David Davis and his delegation attend a first full round of talks on Britain’s divorce terms from the European Union, in ... More »

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ECB seeks greater power over clearing supervision

FILE PHOTO: The European Central Bank (ECB) headquarters in Frankfurt, Germany, July 29, 2016. REUTERS/Ralph Orlowski/File Photo The European Central Bank has requested enhanced powers to supervise clearing activities, it said on Friday, a move to shore up its... More »

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Continental drift: Investors embrace Europe, ex-UK

FILE PHOTO: A view of the London skyline shows the City of London financial district, seen from St Paul’s Cathedral in London, Britain February 25, 2017. REUTERS/Neil Hall/File Photo Global investors are distinguishing between the UK and the rest of Europe as ... More »

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China advises companies to take “precautions” over Brexit

China’s ambassador to Britain Liu Xiaoming arrives at 10 Carlton House Terrace in central London, where representatives from Britain, China, France and energy company EDF will sign an agreement to build and operate a new nuclear power station at Hinkley Point,... More »

ECB talking to London-based banks over EU access post-Brexit

The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the ”Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo The European Central Bank is talking to... More »