Financial Services Hopeful After UK Reaches Brexit Deal
The U.K. financial services sector believes that a smooth regulatory transition is more likely after Prime Minister Theresa May secured a breakthrough draft Brexit agreement, as an attorney said Thursday the deal is "probably as much as we could hope for."
Top Stories
The International Accounting Standards Board has proposed delaying the 2021 start date of its sweeping new accounting rules for 12 months, but rejected demands from the global insurance industry for two years’ breathing space.
British companies are likely to face the threat of massive fines under the European Union’s information protection regime for the next two decades, PricewaterhouseCoopers’ lead partner for data protection told Law360 on Thursday.
Switzerland’s competition watchdog said Thursday it has raided the offices of five financial institutions, including the Swiss arms of UBS and Credit Suisse, which it suspects of boycotting phone payment systems offered by companies such as Apple Pay and Samsung Pay.
Britain’s insurance brokers warned on Thursday that there is a “gaping” regulatory hole in Prime Minister Theresa May’s draft Brexit agreement and urged the government to guarantee their access to European Union markets.
Dunbar Assets PLC has settled its High Court lawsuit against a surveyor in which it alleged negligence and breach of contract over the advice it gave on a London property development that was halted by a local council.