Financial News
Brexit equivalence deal for City is now so unachievable it’s ‘silly’ to bother Six months from now, people will have almost forgotten there is such a thing as equivalence
“Six months from now, people will have almost forgotten there is such a thing as equivalence,” said a senior lobbyist at a bank in London Getty Images By Monday March 15, 2021 12:01 am
There’s a growing consensus forming across the City: The finance sector’s post-Brexit future will be one without equivalence.
Six senior City lobbyists at London’s largest banks and trade groups, as well as regulatory advisers to finance s most senior executives told Financial News that they are now preparing for a Brexit deal that does not hinge on equivalence - where the EU allows those with matching standards access to its markets.
Financial News By Wednesday February 17, 2021 8:43 pm
Jersey s financial regulator has weighed in on Neil Woodford s plans to launch his new business on the Channel island, saying it is “disappointed” the former star fund manager has announced plans for his venture without first seeking authorisation.
In a statement issued on 17 February, the Jersey Financial Services Commission said it would be “normal practice” when outlining plans for a new investment business that they are “subject to regulatory approval”.
Woodford.
Financial News
Dutch regulator calls out London firms’ Covid excuse in Brexit staff move delay
UK financial services firms seeking to set up post-Brexit hubs in Amsterdam have been using the Covid pandemic as ‘a welcome excuse’
The regulator s comments follow news of a pronounced shift in equity trading to venues in the EU Getty Images By Wednesday February 17, 2021 4:24 pm
UK financial services firms seeking to set up post-Brexit hubs in Amsterdam have been using the Covid pandemic as a welcome excuse not to shift the required number of staff to the European trading bloc, a senior executive at the Dutch capital s financial regulator has said.
By Liz Moyer Order Reprints Text size
Gary Gensler, pictured here in 2012, has been nominated by President-elect Joe Biden to be chairman of the Securities and Exchange Commission. Alex Wong/Getty Images
President-elect Joe Biden’s nominee to be Wall Street’s watchdog is returning to familiar ground.
Gary Gensler, nominated to be chairman of the Securities and Exchange Commission, the campaign announced on Monday, is a former
Goldman Sachs partner and Treasury Department official who led the Commodity Futures Trading Commission during President Barack Obama’s administration.
At the CFTC, Gensler helped instill new discipline and rules for governing the multi-trillion-dollar derivatives market, including the 2010 Dodd Frank regulatory reforms enacted in response to the 2008 financial crisis.