Reports on expected euro-clearing relocation after Brexit signals huge staff moves

Bloomberg report:

"The European Union is pushing ahead with plans to assert control over the clearing of euro-denominated derivatives, a politically charged step that could force firms to move from London to the EU after Brexit.

...

Under the proposals to be announced on Tuesday, the Paris-based European Securities and Markets Authority would determine which clearinghouses are significant enough to be directly supervised, the person said, asking not to be identified because the proposals aren’t yet public. "

https://www.bloomberg.com/news/articles/2017-06-12/eu-plans-power-to-force-relocation-of-euro-clearing-after-brexit

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The future of British and EU expats is still on the negotiating table

On the eve of the Brexit negotiations, UK Foreign Secretary Boris Johnson, writes in the Sunday Times that the government will deliver not a hard or soft, but an 'open' Brexit. That, he says, includes looking after Europeans working in the UK, on condition that there is a reciprocal agreement from the EU about UK nationals. " We are going to deliver not a soft Brexit or a hard Brexit — but an open Brexit, one that ensures that the UK is still turned outwards, and more engaged with the world than ever before. That means properly looking after the interests of the 3.2m EU citizens who live and work here — always assuming there are reciprocal protections for the 1m UK nationals in the rest of the EU. And we will go further, and make clear to UK business that this country will remain open to ambition from the EU and around the world. ... You can take back control of borders without slamming the drawbridge on talent."

Spanish Government to create 'Brexit Task Force'

"The Task Force Brexit will act as the single point of contact for Spaniards seeking help and advice, coordinating the work of the consulates and embassy departments whose work is related to the issue" http://elpais.com/elpais/2017/05/17/inenglish/1495033816_828043.html

The UK Policy Paper on EU citizens and Brexit

The United Kingdom's exit from the European Union: safeguarding the position of EU citizens living in the UK and UK nationals living in the EU https://www.gov.uk/government/publications/safeguarding-the-position-of-eu-citizens-in-the-uk-and-uk-nationals-in-the-eu/the-united-kingdoms-exit-from-the-european-union-safeguarding-the-position-of-eu-citizens-living-in-the-uk-and-uk-nationals-living-in-the-eu

Europeans in the UK, Britons in the EU

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