Brexit star

Experts weigh in on Brexit consequences for GDPR, AML, more


The wheels to the United Kingdom’s exit from the European Union are finally in motion, but the hard work still remains as to what kind of future trading relationship the country has with the single market.

Boris Johnson

Reinvigorated British PM Johnson pushes for January Brexit


U.K. Prime Minister Boris Johnson gained a majority in Parliament on Thursday, meaning there could finally be an end in sight for Brexit.


Third Brexit delay approved: What’s next?


The countdown clock for the United Kingdom’s exit from the European Union has been reset to January 2020, giving PM Boris Johnson a set of new options to pursue in order to facilitate a deal.

Boris Johnson

PM Boris Johnson forced to ask for Brexit delay


Confusion surrounds the latest on the Brexit front, with beleaguered PM Boris Johnson sending two contradictory letters to European leaders—one asking for a delay and the other suggesting they ignore this request.

Brexit no deal

U.K.’s ‘no deal’ Brexit readiness report puts onus on businesses


The U.K. government this week released details about the steps it will take to ensure business continues to operate smoothly if the country leaves the European Union on Oct. 31 without a deal.

Boris Johnson

Parliament suspension ‘unlawful’ says U.K. Supreme Court


The U.K. Supreme Court unanimously ruled Boris Johnson’s decision to suspend Parliament unlawful, but it stopped short of suggesting the Prime Minister’s motive was to stymie further debate over the government’s Brexit plans.


U.K. Parliament closes amid Brexit uncertainty


Boris Johnson’s plans to split from Europe blew up in his face, resulting in one of the biggest false-starts any U.K. Prime Minister has endured. Not only is Brexit likely to be delayed, but Johnson and his government are now legally bound to seek a deal—or else.

Boris Johnson

Boris Johnson loses control of Brexit


Britain PM Boris Johnson’s firm stance on Brexit has been shot down by Parliament; it remains to be seen when (or if?) the United Kingdom will be departing the European Union.


Deal or no deal: PM promises Brexit on Oct. 31


Several recent decisions by new Prime Minister Boris Johnson suggest the United Kingdom will crash out of the European Union on the Oct. 31 deadline without a deal.


In Brexit gambit, U.K. signs legislation to ban EU laws


The repeal of the European Communities Act provides a “clear signal” that the U.K. government intends to leave the European Union without extending the Brexit deadline—with or without a deal.

Boris Johnson

New PM Boris Johnson vows Brexit by Oct. 31 deadline; businesses wary


Newly elected Prime Minister Boris Johnson will enter 10 Downing Street with exactly 100 days to deliver the Brexit he has promised.


New EC president willing to extend Brexit third time


New European Commission President Ursula von der Leyen has said she is willing to extend the Brexit deadline for a third time “should more time be required for a good reason.”


PM May resigns: What next for Brexit?


U.K. Prime Minister Theresa May steps down on June 7, following numerous attempts to get Parliament to back her Brexit plan.


PM May unveils plan for latest version of Brexit deal


U.K. Prime Minister Theresa May warned MPs if they don’t back the latest amended Withdrawal Agreement Bill, they will not vote on whether there should be a second Brexit referendum.


U.K. plans Brexit vote in June


A look at possible consequences of the MP vote on Prime Minister Theresa May’s Brexit deal scheduled for early June.


Top 10 supply chain risks for 2019


Natural disasters, droughts, port disruptions, cargo theft, and industrial fires are some of the top supply-chain risks that should keep executives and chief risk officers on their toes in 2019, according to a new risk report.


FCA and the future of financial conduct regulation


Post-Brexit, FCA Chief Executive Andrew Bailey says the U.K. agency will take a “lower burden” regulatory approach than that of the European Union.


FCA publishes its Business Plan for 2019/20


The U.K. Financial Conduct Authority on 17 April published its Business Plan for 2019/20, outlining its key priorities for the coming year.


Brexit extended until 31 October


EU leaders continue to dawdle on Brexit. The U.K.’s exit from the European Union has once again been delayed—this time until Oct. 31.


MP’s Brexit motions defeated for 2nd time


After another failed attempt at Brexit consensus, the United Kingdom remains in turmoil. Prime Minister Theresa May will meet with her cabinet Tuesday to decide next steps.


SEC, U.K. strike post-Brexit cooperation deals


The SEC and the United Kingdom’s Financial Conduct Authority have reaffirmed their commitment to cooperation and information sharing, even after the latter withdraws from the European Union.


May loses another Brexit vote; EU calls 'no-deal' split 'likely'


For the third time, the House of Commons has voted against British Prime Minister Theresa May’s Brexit proposal. The tight April deadline for completing a separation deal with the European Union is now looking doubtful, and a “no-deal” split more likely.


Brexit deadlock: Going through the motions


With U.K. Prime Minister Theresa May’s Brexit deal twice defeated, Members of Parliament were tasked with finding an alternative solution through a series of eight “indicative,” non-binding votes. After all eight were rejected, what happens next?


Companies walk judgment tightrope as Brexit doubts peak


Preparers are facing some brutal accounting judgments as they approach the end of a reporting period straddling key dates in a chaotic Brexit.


May: Approve my Brexit plan, and I’ll resign


With a bold—but likely inevitable political gambit—U.K. Prime Minister Theresa May has made a promise to Members of Parliament: Vote for her Brexit plan, and she will resign.


One more time: Brexit pushed back by two weeks


U.K. Prime Minister Theresa May has gotten yet another reprieve, with the recent decision by European leaders to delay a decision on Brexit by two weeks. This gives May another chance to get the votes needed to pass her Brexit deal.


Brextension, but only if deal approved


After two rejections, U.K. Prime Minister Theresa May has sent a letter to European Council President Donald Tusk to ask for an extension on Brexit.


U.S. regulators ponder Brexit plans, disclosure demands


The planned—but still chaotic—divorce of the United Kingdom from the European Union could trigger disclosure demands for U.S. companies. The SEC’s Division of Corporation Finance has some advice.


U.K. votes to delay Brexit


The United Kingdom’s Parliament voted 412-202 Thursday to ask the European Union for a delay to Brexit in yet another defeat for beleaguered Prime Minister Theresa May.


Brexit: 'No-deal' option rejected; delay vote coming


A day after voting down Prime Minister Theresa May’s proposed Brexit deal for the second time, the U.K. Parliament voted Wednesday to reject leaving the European Union without a deal by a 321-278 margin.