UK

Britain's finance ministry flags reforms, defends regulators – Reuters

Workers cross London Bridge, with the City of London financial district seen behind, during the morning rush-hour, as the coronavirus disease (COVID-19) lockdown guidelines imposed by British government encourage working from home, in London, Britain, January 4, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register Details on crypto rules may come …

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Few crypto firms get reprieve from Britain's financial watchdog – Reuters.com

LONDON, March 30 (Reuters) – Britain’s financial watchdog said on Wednesday it has extended temporary licences for only a “small number” of cryptocurrency firms ahead of an April 1 cut-off date to prove sufficient money laundering controls. Crypto firms must have a licence showing they have sufficient checks and controls to stop money laundering or …

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StanChart to phase out direct coal financing by 2032 – Reuters.com

Steam and smoke billow from the Ratcliffe-on-Soar coal-fired power station near Nottingham, Britain, December 1, 2017. REUTERS/Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, March 29 (Reuters) – Standard Chartered (STAN.L) said on Tuesday it would end all direct coal financing for clients by 2032, as the Asia and Africa-focused lender …

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EY Brexit tracker finds 7000 finance jobs have left London for EU – Reuters UK

A general view of London showing Tower Bridge, The Shard, London City Hall, The Fenchurch Building, also known as The Walkie Talkie, The Tower Of London, St. Paul’s Cathedral, in London, Britain, March 23, 2022. Picture taken with a drone. REUTERS/Yann Tessier Register now for FREE unlimited access to Reuters.com Register LONDON, March 29 (Reuters) …

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Britain's Co-op says finance chief to succeed CEO – Reuters

LONDON, March 25 (Reuters) – Britain’s Co-operative Group (42TE.L) said on Friday its chief executive Steve Murrells would step down in May and be succeeded by finance chief Shirine Khoury-Haq as interim CEO. The group, which is owned by its members, operates Britain’s seventh largest supermarket chain as well as funeral, insurance, legal and energy …

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New York widens lead over London in top finance centres index – Reuters.com

LONDON, March 24 (Reuters) – New York has extended its lead among the world’s top financial centres, with runner up London losing ground to increasingly competitive rivals in the United States and Asia, the Global Financial Centres Index (GFCI) showed on Thursday. The index from think tank Z/Yen Group in partnership with the China Development …

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EU bars 7 Russian banks from SWIFT, but spares those in energy – Reuters.com

BRUSSELS, March 2 (Reuters) – The European Union said on Wednesday it was excluding seven Russian banks from the SWIFT messaging system, but stopped short of including those handling energy payments, in the latest sanctions imposed on Russia over its invasion of Ukraine. Russia’s second-largest bank VTB (VTBR.MM), Bank Otkritie, Novikombank, Promsvyazbank (PSKBI.MM), Bank Rossiya, …

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Britain agrees record $2.3 bln export finance deal to fund Turkish railway – Reuters

British International Trade Secretary Anne-Marie Trevelyan walks outside Downing Street in London, Britain March 8, 2022. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, March 17 (Reuters) – Britain said on Thursday it had agreed its biggest-ever civil infrastructure export finance deal to underwrite a high-speed rail line between the Turkish …

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