UK banks, insurers aren’t fully ready for operational changes Brexit will bring, even largest ones are still "mid-stream," says Sam Woods, BOE's top supervisor

CSSF orders fund managers to apply for licences 'as soon as possible' ahead of Britain's departure from EU

While some 80% of withdrawal terms have been agreed to, the remaining 20% is up in air

British specialist insurer informs clients exposed to European market of business shift

For years, Europe's insurers have suffered because of low or even negative interest rates that depressed investment returns. Private equity firms say they're ready to help.

Six companies have already secured licences from Luxembourg's insurance regulator

EU regulators outside of Grand Duchy request more detail on passporting locations

Infrastructure bank chief says both sides have something to offer after Brexit

CSSF calls on supervised institutions to assess risks, obtain licences, inform clients as UK prepares to depart EU 

Just 20 banks apply for licence to operate in EU in time to receive approval before Britain leaves bloc