• ‘Great moment of truth’ for EU as Brexit demands finance reforms

  

  Leading ministers and financiers have told GlobalMarkets that the EU is likely to redouble efforts to reform its financial system, as member states brace for Brexit and try to protect themselves against a shift away from globalisation.

  • 20 Oct 2019

• UK levfin faces obstruction as Brexit chaos reigns

  Leveraged finance bankers say they have a substantial deal pipeline in sterling to execute this autumn, while the UK's fall into political chaos threatens market volatility. Sub-investment grade buyers are likely to be offered buyout debt for Ei Group, Merlin and BCA Marketplace, among a flood of business totalling at least £15bn ($18.5bn), writes Owen Sanderson.

  • 05 Sep 2019

• Johnson dampens UK capital markets with ‘do or die’ Brexit

  UK capital markets are once again in flux and in the dark over the country’s future, as new prime minister Boris Johnson vowed to take the UK out of the European Union on October 31 “do or die”, write Sam Kerr, Tyler Davies and Owen Sanderson.

  • 25 Jul 2019

• Growth IPOs boost 2019 returns but political risks persist

  The EMEA IPO market has performed solidly in the first half of 2019, with high growth propositions in particular outperforming. Nevertheless, with disparate year-to-date returns between offerings and geopolitical tensions likely to surface in the autumn, sellers will act with heightened caution when the market reopens in September, writes Sam Kerr.

  • 04 Jul 2019

• Brexit delay clouds outlook for UK listings revival

  The decision by the European Union and UK on Wednesday night to extend the country’s membership of the bloc until October 31 prolongs the uncertainty that is deterring UK companies from attempting IPOs.

  • 11 Apr 2019

• Further Brexit delay puts UK IPOs back on ice

  Equity bankers expected clarity about Brexit by this week, for better or worse, and had hoped to start work again on UK IPO projects. But further delays and political uncertainty have swept these deals back to the sidelines.

  • 26 Mar 2019

• UK lenders rejected from Schuldschein amid Brexit uncertainty

  Mersen, a French technology manufacturer, will not accept bids from UK-based lenders for its new Schuldschein “in anticipation of a potential Brexit”. Three bankers away from the transaction said they have also discussed excluding UK lenders with other borrowers.

  • 26 Mar 2019

• Brexit uncertainty will keep equity investors away

  There was a dark mood in equity markets on Wednesday morning after the UK parliament rejected prime minister Theresa May’s negotiated Brexit withdrawal agreement by a huge majority for a second time. A possible delay to the UK's departure from the EU and all of the crippling uncertainty that entails is set to continue to hamstring equity capital markets.

  • 13 Mar 2019

• Brexit chaos claims London fund listing

  The £200m ($262.56m) listing of Global Sustainability Trust, a London socially responsible investing (SRI) private equity vehicle, has been postponed due to negative market conditions — primarily the political chaos surrounding the UK’s exit from the European Union (EU).

  • 29 Jan 2019

• Tradeweb wins approval for Dutch venue

  Trading platform operator Tradeweb has received regulatory approvals to operate trading venues from Amsterdam as it solidifies its preparations for Brexit.

  • 15 Jan 2019

• RBC corporate DCM head Seibel to run Mizuho’s EU arm

  Mizuho International said it had hired Christoph Seibel, head of EMEA corporate debt capital markets at RBC Capital Markets, to be chief executive of its EU operations, Mizuho Securities Europe.

  • 10 Jan 2019

• Over half of UK banks and brokers could shift to EU

  Twenty-seven universal banks, investment banks and brokerages have confirmed or are considering moving operations or staff from the UK to the rest of the EU, according to EY. Paris is gaining in popularity as a destination for UK financial services firms, but Dublin appears to be the top choice.

  • 07 Jan 2019

Brexit archive

Banking and London

• Banks reassure staff, but recruiters expect carnage

  

  Despite the carnage in UK and European bank shares, the bosses of major investment banks have reassured staff that immediate changes won’t follow. But recruitment industry sources predict the opposite, with one headhunter citing client plans to move 37,000 jobs to countries that plan to stay in the European Union.

  • 24 Jun 2016

• UK begins rush for third place

  

  Long Europe's financial capital, the UK’s vote to leave the European Union casts doubt over the future of not just the city, but of the country's primacy as a business centre, the state of financial regulation in the country and the fate of Capital Markets Union.

  • 24 Jun 2016

• Asia markets look to shrug off Brexit concerns

  

  Markets watchers in Asia said they were optimistic, as GlobalCapital Asia went to press on Thursday, that next week would be a return to business as usual, given their widespread expectations that the UK would choose to remain in the European Union. But some warned that, irrespective of the outcome, currency risks could spill over to other asset classes, adversely affecting bonds and equities.

  • 23 Jun 2016

• Markets go large on UK Remain vote

  

  Market indicators suggest the UK will vote on Thursday to remain part of the European Union, with riskier assets outperforming safe haven instruments — meaning the public sector bond market could reopen next week.

  • 23 Jun 2016

• MTNs to follow UK Remain vote?

  

  MTN dealers are spying opportunities for deals on Friday, should Thursday's vote on the UK's membership of the European Union return a vote for Remain.

  • 23 Jun 2016

• Don’t blink now: corporate market braces for UK referendum vote

  

  As UK voters made their way to the polling stations, Europe’s investment grade corporate bond market geared up for a frantic Friday, when the referendum’s results are announced.

  • 23 Jun 2016

• EU vote could reopen euro clearing fight

  A British vote to leave the European Union could lead to the reopening of a spat between the Bank of England and the European Central Bank over clearing euro-denominated trades. Last year, the UK won a court battle in the European Court of Justice, keeping the right to clear euro-denominated trades outside the eurozone.

  • 23 Jun 2016