Edition:
United Kingdom

Huw Jones

U.S. watchdog threatens retaliation over EU clearing rules

3:05pm BST

WASHINGTON/LONDON U.S. banks and securities houses could be barred from trading on exchanges in the European Union if the bloc refuses to water down "irresponsible" proposals for regulating foreign clearing houses, a top U.S. regulator said on Wednesday.

Bank of England gives insurers wiggle room on capital rule

1:52pm BST

LONDON The Bank of England (BoE) has given insurers more wiggle room in how they value assets on their books in volatile markets, a step the industry said could lead to savings on capital.

London attracts global finance under Brexit cloud - report

6:55am BST

LONDON Britain's financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centres vying for its business, the City of London Corporation said on Wednesday.

Insurers call for delay in prising open 'black box' accounts

3:11am BST

LONDON Insurers from across the world have called for amendments and a two-year delay to a change in accounting rules aimed at increasing visibility of how they earn their money.

More British firms get access to financial arbitration services against banks

16 Oct 2018

LONDON More small companies in Britain will be entitled to existing free arbitration services in any dispute with banks, enabling them to avoid the costly process of going to court.

Banks, insurers must have credible plans for climate change: BoE

15 Oct 2018

LONDON Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday.

British banks risk ratings downgrades in disorderly Brexit - S&P

11 Oct 2018

LONDON British banks could face potential credit rating downgrades if there is a disorderly Brexit as this would be likely to trigger a domestic political crisis and economic contraction, credit rating agency Standard & Poor's said on Thursday.

British banks risk ratings downgrades in disorderly Brexit - S&P

11 Oct 2018

LONDON, Oct 11 British banks could face potential credit rating downgrades if there is a disorderly Brexit as this would be likely to trigger a domestic political crisis and economic contraction, credit rating agency Standard & Poor's said on Thursday.

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