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Businesses such as banks and insurers could find their cross-border flow of data disrupted if Britain fails to secure an “adequacy” decision from Brussels before Brexit, the Information Commissioner’s Office is warning. (AP)

Hard Brexit Will Threaten GDPR Data Swap, Regulator Warns

British companies that share data across national borders should brace themselves for legal disruption if the country crashes out of the European Union without a trade deal on March 29, a senior official at the Information Commissioner’s Office warned on Thursday.

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Watchdog Probes Capital Rules' Impact On Green Investments

Europe’s top insurance watchdog said on Thursday that it will assess whether the bloc’s formidable capital rulebook is pushing insurers toward environmentally friendly investments, as part of the EU’s plan for boosting sustainable finance.

Ex-Barclays Traders 'Tainted' Euribor Rates, Court Told

Three former Barclays PLC traders were part of a conspiracy to cheat the financial system that “tainted” the integrity of a key interest rate benchmark used to price trillions of dollars of financial products, prosecutors told a London jury on Wednesday.

Competition Watchdog Reveals Scope Of PayPal Merger Probe

Britain’s antitrust watchdog has set out the questions it will consider as it decides whether PayPal’s $2.2 billion takeover of a Swedish competitor could weaken competition in the U.K., as it called for evidence on the merger from businesses in the sector.

Banks, Insurers Eye The Door As UK Reaches Brexit Deadlock

Britain's financial services companies have lost patience with the stalled political process and are transferring assets out of the U.K. regardless of what kind of Brexit deal, if any, the government seals with the European Union, their legal advisers said Wednesday.

Markets Expect Brexit Will Be Delayed, BoE's Carney Says

The governor of the Bank of England told a panel of lawmakers on Wednesday that sterling has risen following the landslide defeat for the government’s draft withdrawal agreement because financial markets believe the prospect of a no-deal Brexit “may have been diminished.”

UK's May Survives No-Confidence Vote After Brexit Defeat

British Prime Minister Theresa May narrowly survived a vote of no confidence brought by the opposition Labour Party on Wednesday, a day after lawmakers overwhelmingly rejected her proposed deal to leave the European Union.

Singapore Bank Fights ING In Court Over $19M Lehman Charge

ING Bank NV should have to pay Oversea-Chinese Banking Corp. Ltd. back for the $19 million it was told to hand over to liquidators of Lehman Brothers as part of a settlement of several derivatives transactions, lawyers for the Singapore lender told a court in London on Tuesday.

Ex-Barclays Bankers On Trial Again In Euribor Rigging Plot

Prosecutors opened their second trial in London on Tuesday of three former Barclays PLC employees accused of participating in a conspiracy to rig global interest rates to rip off counterparties that did business with them.

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