Basel III regulations are slated to come into force in 2022. While he London Bullion Market Association (LBMA) wants the net stable funding ratio (NSFR) to be at the 50% mark, EU finance ministers want it secured at 85%, to… Read More ›
EU
Britain’s Jeremy Corbyn more appreciative of the merits for a new referendum
Does it always have to be May’s way or the highway? Britain’s economy lies in the balance. In a significant development, Britain’s opposition party leader Jeremy Corbyn has moved a step closer to paving the way for a second referendum… Read More ›
British parliament to decide fate of Brexit today
May’s Brexi deal faces strong headwinds in parliament. Today’s vote will not only decide her May’s career but also chart Britain’s economic and geo-political future in the days to come. On Tuesday, in a historic vote in the British parliament… Read More ›
A no-deal Brexit is not in Britain’s best interest: Philip Hammond
The British parliament has begun a 5-day debate on the Brexit deal. Philip Hammond, Britain’s Chancellor of the Exchequer, made it lucid that leaving the European without a deal is not in Britain’s best interest. He however did not elaborate… Read More ›
Britain exploring ways to extend its departure from EU
Using unofficial channels of communication, the British government is exploring ways for the very real possibility of extending Britain’s formal notice of withdrawal from the EU on March 29, 2019. As per a report from the Daily Telegraph citing anonymous… Read More ›
UK Businesses see border delays as significant Brexit risk: EEF/AIG survey
Although Britain is scheduled to depart from the EU on March 29, what will happen on that day is still unclear. This is a significant issue for British businesses since they routinely import and export materials and goods from the… Read More ›
China to introduce stimulus measures, as U.S. trade action bites into its economic growth
Chinese Premier Li Keqiang has stated China will reduce the reserve requirement ratios (RRRs) for banks, and slash taxes and fees. Facing a multi-pronged trade action by the United States and the European Union, China, the world’s second largest economy… Read More ›
MiFID II increasing pressure on margins on mid-to-small brokerages
Although regulators introduced MiFID II in order to bring about increased transparency and ensure that investors get a fairer deal, but with the reduced cost of market research, the market dominance by large financial institution is quickly becoming an issue…. Read More ›
Number of Britons applying for Irish passports ride dramatically ahead of fast approaching Brexit
Anybody born in Northern Ireland, or who has an Irish parent or grandparents, is entitled to an Irish passport. In 2018, the number of British citizens applying for Irish passports has risen by 22% – a rise of more than… Read More ›
European Union launches forced technology transfer case against China
The WTO action by the EU, mirrors similar concerns raised by the United States. This is the second such action the European Commission has taken against China at the WTO. On Thursday, for the second time this year, the European… Read More ›