Dec 21 2017
By allowing branches of European Union banks in London to be supervised by their home regulator, Britain will be hoping the bloc would in return allow euro clearing - and thus thousands of trading-related jobs - to remain in Britain.
The Bank's plans mean that European institutions will not need to convert their United Kingdom branches into subsidiaries - a move that will ease the burden for the financial services industry, which has urged negotiators to strike a cross-border deal.
Brexit Secretary David Davis is on record as saying he wants Britain's free trade deal to be "Canada plus plus" and include financial services.
Once agreed, negotiations can then move on to future relations for the longer term, with Britain hoping to complete a trade deal as early as possible.
This means a transition period of 21 months from the end of the Article 50 expiry on March 29th 2019 until the United Kingdom is fully out of the European Union on the first day of 2021.
The Prime Minister on Monday insisted that the United Kingdom can still have a "bespoke" trade deal.
Vladimir Putin thanks President Trump to help Central Intelligence Agency in stop terrorist attacks
President Vladimir Putin phoned Donald Trump to thank him for the information, the White House and Kremlin confirmed. The leaders' relationship is complicated by ongoing investigations into the Trump campaign's ties to Moscow.
More winter weather on the way
WINTER WEATHER ADVISORIES are posted for much of the area from this evening through Saturday morning. The latest Road conditions for the state you are calling from can be obtained by calling 5 1 1.
Facebook to cease channeling ad revenue via Ireland following tax outcry
Currently, advertising revenue supported by Facebook's local teams are recorded by its worldwide headquarters in Dublin , Ireland .
The central bank said it made the decision on the assumption that a "high degree of supervisory co-operation with the EU" would continue after Britain leaves the bloc.
Leading conservative lawmaker Jacob Rees-Mogg slammed this demand as "rather hostile", leaving the United Kingdom "no more than a vassal state, a colony, a serf of the European Union".
Brussels meanwhile has repeatedly warned Britain that it can not expect to leave the EU's single market and customs union, and maintain all its benefits.
Given the potential pitfalls, "although May will be reluctant to extend Article 50 negotiations or the length of the transition. there is a significant probability she will have to", said analyst Rahman.
The next phase comes as Barnier ruffled feathers in London on Tuesday with a warning that any ties after Brexit would inevitably result in Britain's financial companies losing full rights to trade across the bloc.
This was a outcome of "the red lines that the British have chosen themselves". It said in a statement, "The FCA welcomes the progress that has been made and is supportive of open markets and free trade in financial services underpinned by strong regulatory standards".
Dec 20 2017
Expect heavy traffic during Tuesday's Boca Raton Bowl
Akron is making its second bowl appearances the last three years but only the third in program history. FAU is favored by 22, the largest spread of any postseason game.
Dec 17 2017
McGrgor Wants MMA Fight Next, Despite Manny Pacquiao Rumours
Showtime added that global revenues, including ticket sales , sponsorship and worldwide distribution, exceeded $600m (£450.42m). When pressed to elaborate, he responded, "MMA next", essentially killing any chance of a McGregor-Pacquiao bout.
Dec 15 2017
Honoring fallen veterans with 'Wreaths Across America'
And that year, December 13, 2008 was unanimously voted by the US Congress as "Wreaths Across America Day". The local event is held in coordination with more than 750 veterans cemeteries across the country.
Dec 15 2017
MA is the healthiest state in the US
The five lowest-ranking states are MS (50), Louisiana (49), Arkansas (48), Alabama (47) and West Virginia (46). According to a new study, Oklahoma has shown some improvements in smoking rates and obesity rates.
Dec 14 2017
Google's Most Searched Terms for 2017: Hurricane Irma, Matt Lauer
Last year's most searched terms included Prince, Powerball and Hillary Clinton, according to The Hollywood Reporter . Each year, we're always intrigued and excited to see whether everyone's top Google search terms align with our own.
Dec 14 2017
Real Madrid's Gareth Bale hails 'great' victor , slams VAR
Mbark Boussoufa scored, but a video review later showed that he was just offside when he received the pass from his teammate. Al Jazira took a shock lead during the clash, with the victor looking to book a place in the final against Gremio.
Dec 12 2017
BBC to announce victor of African Footballer of the Year today (Monday)
Salah, the current Premier League top scorer with 13 goals, has enjoyed a stellar year for both club and country. After receiving the award, Salah said: "I'm very happy to win this award, it's a special feeling for me".
Dec 12 2017
Donald Trump signs directive to send astronauts back to Moon
Vice President Mike Pence has spearheaded the administration's space policy and was on hand for the signing of the directive.
Dec 11 2017
Boult four-for helps New Zealand extend advantage
The rookie batsman could score only two runs off 10 balls before stepping onto his stumps while facing Kiwi pacer Trent Boult . Hope only made 15 before falling to Southee, while Roston Chase scored 12 before he was cleaned up by Colin de Grandhomme.
Dec 10 2017
YouTube Plans to Offer Music Subscription Service in 2018
One upon a time YouTube even offered something of its own as well, making this another attempt at breaking into the market. It will probably be called Remix, and will bring together all the YouTube Red and Google Play Music subscribers.
Dec 19 2017Holiday travel ramps up at DIA amid Atlanta outage
Dec 19 2017McCoy, David inactive for Buccaneers against Falcons
Dec 18 2017England's Prince Harry interviews Barack Obama for radio show
Dec 17 2017Grinch in Chief: Nazareth Cancels Christmas Over Trump's Jerusalem Gambit
Dec 16 2017Video shows moment of attempted terror attack in NY
Dec 13 2017Snow and ice look set to continue as winter sweeps in
Dec 13 2017Trump Wants Weigel Fired Over Inaccurate Tweet
Dec 12 2017Doklam diplomacy shows relation with India is good, says China
Dec 12 2017Accused in Dangal Actress Molestation Case Arrested by Mumbai Police
Dec 11 2017Thousands of Indonesians rally at US Embassy over Trump's Jerusalem move
Dec 20 2017Selena Gomez's Mom Opens Up About Her Miscarriage
Dec 20 2017Lady Gaga Officially Has Her Own Residency In Las Vegas
Dec 19 2017Where's the grand plan on North Korea?
Dec 18 2017Vikings cruise past Bengals 34-7 to clinch NFC North
Dec 17 2017Ex-wife of former National Basketball Association player charged in his 2010 killing
Dec 14 2017Rohit Sharma's 208*: A look at the record knock in numbers
Dec 13 2017Trump attacks Gillibrand after resignation call
Dec 12 2017Allardyce: Klopp can moan all he wants, it was a penalty
Dec 12 2017Chelsea must forget Barcelona, focus on Huddersfield
Dec 12 2017Apple TV app for Europe
Dec 12 2017Ready Player One Sequel Being Developed By Author
Dec 11 2017NZ Sevens claim Cape Town crown