Britain and the EU are looking at a new forum to hash out financial issues, Financial Times (FT) writes. Both sides are closing in on a new agreement that would end up with a memorandum of understanding of how they’ll go forward in the financial...
The U.K. government has created a fund of 20 million pounds to help small to medium-sized enterprise (SME) businesses navigate Brexit’s new trading rules. The SME Brexit Support Fund aims to assist smaller businesses as they adjust to changes in customs, rules of origin, and...
FinTech startups in the U.K. are scrambling to create backup plans to avoid disruption to users as a no-deal Brexit appears increasingly probable, CNBC reported on Monday (Nov. 9). The Dec. 31 deadline is closing in as the U.K. and the EU wrestle to come up...
The European Union’s securities markets regulator called Wednesday (Aug. 19) for long-term extension of regulations concerning how British fund managers can operate in the European Union post-Brexit, Reuters reported. The rules were designed to curtail the use of shell companies that are listed in EU...
Online bank N26‘s decision to exit the U.K. has customers feeling left behind, CNBC reported. The Berlin-based digital bank said it would not be able to operate in the country anymore in the wake of Brexit, as it will no longer have a license to...
FinTech bank N26, based in Germany, will no longer operate in the U.K. following Brexit, according to reports. N26 customers will need to transfer deposits, spend all their money or withdraw funds before their accounts close on April 15, 2020. In Europe, EU financial institutions can...
The U.K. said it is going to start putting import controls on goods coming in from the European Union after the Brexit transition finishes at the end of this year, according to a report by Reuters. Britain Senior Minister Michael Gove said the U.K. will...
Today marks a red letter day in Europe, to be sure. Perhaps especially so for FinTechs across the Pond. Right into Brexit, which takes effect today (Jan. 31), data compiled by Innovate Finance show 2019 proved to be a banner year for London’s FinTech scene. Might...
Since the Brexit vote three years ago, foreign buyers have announced $60 billion in deals for U.K. tech companies. Data from Bloomberg shows that the number of deals have remained at a higher level than any of the measured years before the vote, peaking at...
