Report from Bank of England finds fast-growing businesses in the British financial services industry are ill-prepared to survive hard Brexit or other crises.
Regulators from both sides of the pond agree that existing agreements between the U.S. and EU will continue to govern U.K. derivatives trades in the event of a no-deal Brexit.
New report suggests Brexit has spurred $1 trillion in asset transfers and may result in more than 7,000 financial services jobs shifting away from the U.K.
EU watchdogs step up to reassure markets, reversing course from prior position that responsibility for navigating Brexit would fall entirely on corporate shoulders.