Post-Brexit: Dutch fintech Unicorn, Mollie expands to the UK
Amsterdam-based payment solution unicorn, Mollie, announces its UK services plans following investments and post-Brexit demand for payment solutions…
Peter Oakes on Brexit implications on the financial services industry
With the FS DUBLIN Forum approaching, Peter Oakes of Fintech Ireland explains the implications of Brexit on the financial services industry in Ireland.
FS DUBLIN Forum, 23 May 2019, register your interest: https://fsdublin.com/register-your-interest/
Brexit threatens fintech jobs in London | FT
British financial technology companies are worried that Brexit is causing a shortage of software engineers and pushing up salaries in the sector, prompting some of them to open offices elsewhere in the EU. The FT talks to Mike Laven, chief executive of Currencycloud.
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UK’s Post-Brexit Finance Plan: Over 30 Reforms Announced
The UK set out a package of more than 30 post-Brexit reforms to boost its financial services industry, with changes including relaxing ring-fencing capital rules to lighten the burden on smaller banks. Lizzy Burden reports on Bloomberg Television.
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UK and EU Sign Memo for Post-Brexit Finance Regulation
The UK and the European Union signed a long-awaited memorandum of understanding on financial services on Tuesday, marking a moment of accord amid years of wrangling over post-Brexit co-operation.
Jeremy Hunt approved the memo with Commissioner Mairead McGuinness during the first visit to Brussels by a UK chancellor in more than three years. Hunt described the move as an “important turning point,” saying “we have shared objectives and cooperation is essential.”
“The UK and EU’s financial markets are deeply interconnected and building a constructive, voluntary relationship is of mutual benefit to us both,” Hunt said. The UK’s financial services and related professional services sectors were worth £275 billion ($350 billion) in 2022, making up about 12% of the UK economy, according to the Treasury.
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