Da Bloomberg.com The European Union could force the biggest foreign derivatives-clearing firms to set up shop in the bloc if they want to continue doing business there, as policy makers brace for the changes Brexit will bring to an industry in which London plays a key global role. The European Commission on Tuesday proposed a two-tier system for non-EU clearinghouses.
From: Bloomberg.com Tired from months of wondering whether their jobs will be moved or cut, foreign employees at some of London’s biggest banks are taking the initiative and asking to be moved back home, according to people with knowledge of the requests. Staff at Citigroup Inc., Goldman Sachs Group Inc. and HSBC Holdings Plc have volunteered to return to their
From http://www.simmons-simmons.com/ On 20 March 2017 the UK Prime Minister, Theresa May confirmed that the country would give notice of its intention to withdraw from the EU on 29 March. This will start the two year period in which the UK and the EU will negotiate the terms of withdrawal. On 21 March 2017, international law firm Simmons & Simmons hosted
From BBC The next-generation supercomputer that will drive Europe’s medium-range weather forecasts looks set to be housed in Bologna, Italy, from 2020. It would succeed the current system based in Reading, UK. Member states of the European Centre for Medium-range Weather Forecasts (ECMWF) made the indicative decision to relocate the facility on Wednesday. Detailed negotiations will now be held with
LeapRate: http://www.leaprate.com/2017/01/italys-financial-regulator-consob-sets-up-expedited-disputes-body-up-to-e500k/ It was announced this week that Italy’s financial regulator (CONSOB) has established a new body called the Arbitration for Financial Disputes and disputes up to €500k can now be submitted to it, and all submitted disputes will aim to be resolved within 6 months. The new body has been established to create a fast and low-cost method to resolve
Select Milano has co-opted the common councilman of the City of London Corporation (the “City”) Mark Raymond Peter Henry Delano Wheatley to the Executive Committee. The City which, as known, administers the “Square Mile” of London – the largest financial district in the world – is the epicentre of the Brexit earthquake. Councillor Wheatley was born and raised in Africa and