Brexit Financial Industry Impacts May Change Global Market Dynamics European Union (EU) authorities are looking to change rules that may result in Brexit financial industry impacts for international banks. As a result, the financial rulebook known as MiFID II could be up for amendments that…
Brexit Bill Becomes Law, with Brexit Day Set for January 31, 2020 The United Kingdom’s Parliament has approved the Brexit Bill, with the UK now set to leave the European Union (EU) on January 31, 2020. The bill received assent from Queen Elizabeth II, and…
European Central Bank Urges Banks to Proceed with Relocating UK Workers and Processes The European Central Bank (ECB) is urging banks in the United Kingdom (UK) to prepare for a possible no-deal Brexit scenario by relocating UK workers and processes to the European Union (EU)….
Brexit will Impact Free Movement Between UK and EU Brexit will impact the free movement of people between the United Kingdom (UK) and the European Union (EU). The UK’s upcoming exit from the EU is increasingly looking to occur as a no-deal Brexit scenario. Many…
UK Employers Seek to Lower Salary Threshold for Foreign Workers Despite continuing uncertainty over Brexit, UK employers are seeking a lower salary threshold for foreign workers. Currently, all non-European Union (EU) citizens who work in the UK must earn a minimum salary of £30,000. Proposals…
