Edition:
United Kingdom

Huw Jones

EU won't delay sustainability disclosures for banks despite lack of guidance

30 Oct 2020

LONDON Banks and insurers must comply with a new European Union law on sustainability-related disclosures from March even though detailed guidance on how it should work in practice won't be ready, the bloc's executive body said on Friday.

Germany says EU pragmatism needed on London finance links

30 Oct 2020

LONDON A senior German government official said on Friday he was "deeply concerned" about the lack of progress in trade talks between the European Union and Britain, given the heavy reliance of German companies on funding from London's financial hub.

Banker bonuses must be blind to gender, says EU regulator

29 Oct 2020

LONDON Banks must not discriminate between men and women in awarding bonuses for the same activity, the European Union's banking watchdog proposed on Thursday.

Too few companies disclose financial hit from climate change, regulator says

29 Oct 2020

LONDON Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a global regulatory body said on Thursday.

Bank of England says banks' dividend curb won't have long-term impact

28 Oct 2020

LONDON The Bank of England's request in March for banks to restrain dividend payments will not change the amount of payouts over the longer term, its executive director for financial stability said on Wednesday.

EU tells UK to say how long it will align with EU financial rules

27 Oct 2020

LONDON Britain must spell out how far it wants to diverge from European Union rules if it wants access to the bloc's financial market from January, a top European Commission official said on Tuesday.

Share trading in Europe set to be fragmented by Brexit

26 Oct 2020

LONDON The EU's markets watchdog said on Monday banks and asset managers based in the bloc should execute most of their share trades inside the EU after full Brexit from January, in a step set to fragment cross-border markets.

UK should tweak financial rules to stay competitive after Brexit, says study

19 Oct 2020

LONDON Britain should tweak financial rules after full Brexit to keep London's financial hub competitive and deepen ties with growth markets in Asia, a think tank said in a study on Monday.

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