United Kingdom

Huw Jones

UK watchdog's handling of world's top derivatives market gets EU red card

17 Oct 2019

LONDON Britain's regulator for the world's biggest off-exchange derivatives market could improve the way it monitors trades to spot potential risks, the European Union's markets watchdog said on Thursday.

Britain's finance industry at Brexit crossroads

17 Oct 2019

LONDON Britain's financial services industry, the country's biggest tax earner, risks being cut adrift from its main export market - the European Union - after Brexit.

Brexit finance relocations limit need for future trade link - think tank

16 Oct 2019

LONDON The growing tally of UK-based banks, insurers and asset managers opening hubs in the European Union means that a post-Brexit trade deal in financial services may be of limited importance to either side, the New Financial think tank said on Wednesday.

Britain delays reform of company audits until early 2020

15 Oct 2019

LONDON Britain will wait until early next year before implementing root-and-branch reform of auditing, a government minister said on Tuesday, dismissing claims of "drift".

London retains global finance throne amid Brexit chaos

15 Oct 2019

LONDON From the pinnacle of the City of London's largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit. | Video

Don't be misled by Brexit jobs trickle - London finance chief

15 Oct 2019

LONDON Britain's vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London's policy chief told Reuters, warning people not to be duped by the low number of job moves to the continent so far.

Tough market abuse rules should cover currency markets - BoE's Carney

15 Oct 2019

LONDON Bank of England Governor Mark Carney said on Tuesday that currency dealers should face the same tough market-abuse rules that govern share and bond trading, adding to scrutiny of London's $5 trillion-a-day foreign-exchange market.

UK watchdog proposes car finance commission crackdown

15 Oct 2019

LONDON Britain's markets watchdog has proposed banning auto dealers and brokers from receiving commission linked to interest rates on loans used to finance car purchases, a step it said would save consumers 165 million pounds ($208.4 million) annually.

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