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Huw Jones

Wholesale insurers given all clear by British watchdog

10:05am GMT

LONDON Britain's wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for an industry already spending millions of pounds on Brexit.

Aviva, NatWest to join 'Brexodus' of business to EU

19 Feb 2019

LONDON England's High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around £9 billion in assets to a new Irish company just before the starting gun is fired on Brexit.

EU insurance watchdog seeks to avoid Brexit no-deal disruption

19 Feb 2019

LONDON Policies bought by European Union customers from British insurers would still be valid if the UK crashes out of the bloc next month with no deal, the EU's insurance watchdog said on Tuesday.

Santander's Campa nominated to head EU banking watchdog

19 Feb 2019

LONDON Senior Santander banker Jose Manuel Campa has been nominated to head the European Banking Authority as it leaves its London base due to Brexit and sets up home in Paris, the EBA said in a statement on Tuesday.

Lawmakers ask 'Big Four' auditors for client dining details

18 Feb 2019

LONDON The "Big Four" accounting firms in Britain have been asked by lawmakers to say how much they have spent on wining and dining clients and to demonstrate a link between the pay of their partners and the quality of their audits.

RPT-London bankers will need 'chaperones' for EU clients under no-deal Brexit - sources

18 Feb 2019

LONDON, Feb 15 Investment banks have warned M&A teams in Britain they cannot pitch business to clients in the European Union if there is a no-deal Brexit without an EU "chaperone" sitting in on their meeting, sources familiar with the matter told Reuters.

London bankers will need 'chaperones' for EU clients under no-deal Brexit - sources

15 Feb 2019

LONDON Investment banks have warned M&A teams in Britain they cannot pitch business to clients in the European Union if there is a no-deal Brexit without an EU "chaperone" sitting in on their meeting, sources familiar with the matter told Reuters.

Britain to look at whether auditors should check for fraud

15 Feb 2019

LONDON An independent review is to look at whether accountants in Britain should check for fraud when auditing company finances so they could potentially spot problems that cause corporate crashes, the business ministry said on Friday.

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