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EU markets watchdog approves Brexit agreement with Britain

British and EU flags flutter outside the Houses of Parliament in London, Britain January 30, 2019. REUTERS/Toby MelvilleLONDON (Reuters) – The European Union’s markets watchdog said it has approved an agreement on supervisory cooperation with Britain after Brexit to avoid disruption to cross-border financial services like asset management. “The board agreed in substance the Memorandum…

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British MP sees cross-party demand for accounting change

LONDON (Reuters) – A senior British lawmaker leading a review of the world’s top accounting firms said on Thursday there is cross-party consensus for change, calling the approach of the “Big Four” complacent. FILE PHOTO: The sun sets behind the Canary Wharf financial district of London, Britain, December 7, 2018. REUTERS/Simon Dawson/File Photo“I hope that…

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Factbox – With Brexit looming, UK Plc triggers emergency measures

(Reuters) – With Britain at risk of leaving the European Union without a divorce deal, many of its biggest companies have lost patience and started to restructure their operations to prepare for the chaotic fallout that could ensue. FILE PHOTO: Rain clouds pass over Canary Wharf financial financial district in London, Britain July 1, 2016.…

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EU could offer more backstop assurances if UK moves on customs union – EU lawmaker

BRUSSELS (Reuters) – The European Union can offer Britain more assurances over the Irish border ‘backstop’ in a political declaration on post-Brexit ties if London moves towards accepting a permanent customs union, a leading EU lawmaker dealing with Brexit said. FILE PHOTO: Danuta Hubner, chair of the constitutional committee of the European Parliament gestures during…