• Latest
  • Trending
United Kingdom’s Budget modifications

Brexit hit to British Banks still not fully felt, UK finance ministry says

Global economies struggle as oil supplies tighten, volatile stakes

Oil prices see a surge, supply concerns to aid in the cause

S & P 500 ends at record high as Wall Street rises

Wall St futures tumble, dollar holds its ground against tides

OPEC+ members face issues of tight oil supplies

OPEC+ members face issues of tight oil supplies

U.S. energy companies shudder after economic and climate warnings

U.S. energy companies shudder after economic and climate warnings

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

People’s Bank strikes Gold at Technnovation Awards 2022

Russia evades default through sheer force of will; Kremlin speaks

Russia evades default through sheer force of will; Kremlin speaks

Global economies struggle as oil supplies tighten, volatile stakes

G7 fixate on stricter sanctions to impose on Russia, oil rates wobble

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

People’s Bank empowers local youth with People’s Spark Entrepreneurship Development Programme

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

Russia may be driven into default, Eurobonds due in payment

Russia may be driven into default, Eurobonds due in payment

Asia shares falls on worries over inflation, Fed outlook

An insightful glimpse of the market during the inflation period

Russia’s Sovcomflot managed to strike deals despite sanctions

Russia’s Sovcomflot managed to strike deals despite sanctions

Global Business Review Magazine
Wednesday, July 6, 2022
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

Brexit hit to British Banks still not fully felt, UK finance ministry says

United Kingdom’s Budget modifications

Britain’s top financial assistants said that the hit to the city of London was less severe than the prediction, from Brexit. Britain has reached the post Brexit steady state.

Katharine Braddick, head of financial services at Britain’s finance ministry told an event held by the Peterson Institute for International Economics that banks settling on locations for their European operations. She also added that there is still a lot in play and there is quite a lot of pressure to move quite a lot quite quickly. And that is very much at the sharp end of where we are seeing the new border arise.

YOU MAY ALSO LIKE

People’s Bank strikes Gold at Technnovation Awards 2022

People’s Bank empowers local youth with People’s Spark Entrepreneurship Development Programme

Banks in London face pressure from the European Central Bank to relocate staff and activities to the EU. Euro share and swaps trading has moved from London to Amsterdam, and Brussels wants clearing to follow. Braddick said that the clients themselves decide where businesses locate, and that’s certainly been the case so far on clearing and we will see that in investment banking.

The finance ministry has to set out a clear, long-term plan for the City and speed up proposed reforms, said the bankers to the report. The need to re-establish a sense of clear and consistent values and direction in financial services policy and regulation, was keenly aware by the financial ministry said Braddick. The industries see this Brexit experience as threatening predictability in business decision-making.

Douglas Rediker, founder of consultancy International Capital Strategies, said that they saw the vast majority of EU equity trading move from London to Amsterdam. It did poke a big hole in the story that London could never be replaced.

Tags: BrexitBritish BanksUnited Kingdom
ShareTweetShare
Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • Oil prices see a surge, supply concerns to aid in the cause
  • Wall St futures tumble, dollar holds its ground against tides
  • OPEC+ members face issues of tight oil supplies
  • U.S. energy companies shudder after economic and climate warnings
  • People’s Bank strikes Gold at Technnovation Awards 2022

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2022 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version