Financial Services

L-Oriżżont Headlines – 21st May 2019

L-Orizzont quotes Parliamentary Secretary Silvio Schembri who said that the financial services sector remained stable despite ‘months of attacks.’ Schembri said that there are 51 licensed institutions in the sector.…

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Former Danish financial regulator charged in connection with money laundering scandal

The former chair of Denmark’s financial regulator who had previously been finance director of Danske Bank has been charged and his house raided in connection with a €200bn money laundering…

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48 financial firms to move to Germany due to Brexit

German regulators have received 48 applications in recent months from financial firms seeking to relocate to Germany in the wake of Britain's decision to leave the European Union. Reuters…

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Danske Bank whistleblower lashes out at UK’s role in facilitating corporate corruption

The British whistleblower who exposed the €200bn money laundering scandal at Danske Bank has lashed out at the UK for its role in facilitating corporate corruption. The Financial Times reports…

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EU and UK reach post Brexit deal on Britain’s financial services firms – reports

The U.K. and EU struck a tentative deal that would give Britain’s financial services firms continued access to European markets after Brexit, the Times reported Thursday citing anonymous government sources. British and EU negotiators…

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MEP Giegold to campaign for HSBC to quit Malta

HSBC must close its business in Malta if the tiny European Union state with a reputation for a lax approach to financial regulation does not do more to confront the…

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FT: EU softens opposition to May’s post-Brexit plan for London Financial services

The FT reports that the EU’s chief negotiator has softened his opposition to Theresa May’s post-Brexit plan for London’s financial services industry after UK negotiators acknowledged Brussels would have ultimate control…

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