• 5,000 UK finance jobs may be moved by Brexit, half earlier forecast: The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of UK-based workers in international finance told Reuters. A Reuters survey of 119 firms, following up on a survey published in September 2017, also found that Paris has overtaken Frankfurt as the most popular destination for the new roles. Some banks lowered the estimates for jobs they need to move as they consider more carefully how much of their operations they will need in the European Union if Britain loses access to the bloc’s single market. (Reuters)
  • May wants NI voice at Brexit talks table: Northern Ireland is having difficulties in communicating concerns on Brexit due to the lack of a functioning executive, the chair of Westminster’s Northern Ireland Committee has said. The prime minister told the committee she would like a voice from Northern Ireland at the Brexit talks table. Theresa May said she is making sure that Northern Ireland will have more of a voice for the next round of talks. (BBC News)
  • BoE gives green light to EU banks for Brexit transition: The Bank of England said lenders and clearing houses can use their existing regulatory licences until the end of the Brexit transitional deal agreed last week by European leaders. The BoE said in a statement on Wednesday that European-headquartered banks and clearing houses that use the so-called passport to access the City of London from their home country can carry on doing so throughout the transitional period without needing new regulatory approval. The move comes after the European Council last week agreed that the UK could remain bound by EU rules until the end of 2020 in a bid to smooth the effects of Brexit, which would otherwise take effect in a year’s time. (The Financial Times)