Brexit

September 22, 2017
Economy , Politics
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EU Unyielding on Brexit Leaves May With One Choice: Pay the Bill.

Theresa May’s European Union counterparts are adamant that the U.K. must agree on a financial settlement with the bloc before talks can proceed to trade, according to a survey of the EU’s 27 other members that reveals the depth of resistance to British calls for flexibility. As May prepares to u...

July 11, 2017
Banking
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Clearing Firms Simulate Lehman-Like Default During Brexit Chaos.

Regulators asked to test clearinghouses during market shock Each clearing firm successfully completed hedging and auctions The first coordinated global test showed clearinghouses, the firewalls protecting the financial system from calamity, are strong enough to survive a major bank going bust. Reg...

June 22, 2017
Politics
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Brexit Dominates May’s Program as Manifesto Pledges Ditched

(Bloomberg) — Brexit dominates U.K. Prime Minister Theresa May’s program for the next two years, with the government planning eight new laws to ease Britain’s withdrawal from the European Union. In a ceremony to mark the formal opening of Parliament in London on Wednesday, Queen Elizabeth ...

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