Wednesday 20 September 2017

Barnier says UK must play by rules

THE European Union's top financial services official warned the UK that it won't be allowed to "pick and mix" its relationship with the EU and must accept rules governing the City of London in exchange for access to the single market.

Michel Barnier, the EU commissioner responsible for proposing financial laws, stepped into the UK's debate over its relationship with the bloc, saying that a more nationalised approach to financial regulation is "the wrong cause to fight for."

LOANS FROM ECB FALL BY €0.8BN

LOANS from the European Central Bank to Irish banks fell fractionally last month.

Updated figures from the Central Bank show €46.1bn was provided in funding from the Frankfurt-based bank during the month, down from €46.9bn the previous month.

JAZZ IN TALKS TO CREATE 40 JOBS

JAZZ Pharmaceuticals is in talks with the IDA about expanding its operations in Ireland.

If the proposal goes ahead, 40 new jobs would be created over the coming years. The company has identified a potential site near Athlone in Monksland, Co Roscommon.

ULSTER BANK AXES FOREX CHARGES

ULSTER Bank is removing payment transaction charges on standard foreign exchange payments.

It is available to all customers and will apply to all standard, outward currency payments.

DAVY DELIGHT AS FIRM LANDS AWARD

DAVY Corporate Finance has won the 'Best Investment Bank – Ireland' prize in the annual Euromoney 2013 Awards for excellence.

Ivan Murphy, managing director, was delighted with the award."It's been a difficult last couple of years for capital markets in Ireland, but we are starting to see some signs of normality returning post the crisis," he said.

NEWS CORP PLANS CENTRAL HUB SWITCH

News Corp has announced plans to move its entire London operations to a single location on the south bank of the River Thames.

The businesses and staff of News UK, Dow Jones and HarperCollins will be housed together for the first time and will begin relocating to the new site in the summer of 2014. They will move to The Place, which resides alongside The Shard at the heart of the London Bridge Quarter.

Irish Independent

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