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Lloyds Share Chat (LLOY)



Share Price: 66.41Bid: 66.41Ask: 66.42Change: 0.00 (0.00%)No Movement on Lloyds Grp.
Spread: 0.01Spread as %: 0.02%Open: 66.24High: 66.53Low: 65.85Yesterday’s Close: 66.41


Share Discussion for Lloyds


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Asperger1
Posts: 4,654
Off Topic
Opinion:No Opinion
Price:66.41
Competitive advantage for banks
Today 15:38
Brexit to provide 'Long term competitive advantage for banks'

UK to diverge from EU on financial services rules after Brexit
Ministers say long term competitive advantage for sector involves discrete regulation

The UK government has told the financial services industry that Britain will seek to develop a distinct regulatory framework from the EU after Brexit in an effort to secure a long term competitive advantage for banks, fund managers and insurers.

♞ 💰 💰 💰 📈 ❤️
livestock
Posts: 236
Off Topic
Opinion:Strong Buy
Price:66.41
Britain's world-leading finance ind
Today 15:28
Britain's £57bn trade surplus from booming City: Study also shows UK has £6trillion of bank assets and is the top foreign exchange on the planet

http://www.dailymail.co.uk/news/article-5181653/Britains-57bn-trade-surplus-booming-City.html
mick-b
Posts: 3,786
Research
Opinion:No Opinion
Price:66.41
View Thread (4)
Brexit Financial services IC online
Today 14:12
CONTINUATION...

member states, which could increase the legal and regulatory burden on companies. A system of ‘equivalence’ seems the more likely method for financial services to maintain access. That would facilitate cross-border trading between markets that choose to recognise each other’s standards. However, not all EU financial legislation accepts the principle of equivalence, for example there is no provision for commercial banking. A detailed agreement would be required for equivalence to work in practice.

Leaving the EU without a deal in place – which the government is keen to avoid – would have implications for the country’s financial services sector. In response to the House of Lords EU committee inquiry on the matter, industry body TheCityUK said that in a situation where the UK’s relationship rested on WTO obligations, up to half of EU-related financial services activity and between 31,000 and 35,000 jobs could be at risk. It would also be likely to increase the compliance burden for UK financial services companies considerably.

END
mick-b
Posts: 3,786
Research
Opinion:No Opinion
Price:66.41
View Thread (4)
Brexit Financial services IC online
Today 14:07
UK financial services: the central consideration for many

The UK financial services industry employs 1m people and accounted for more than 7 per cent of the value created within the economy during the second quarter of this year. Meanwhile, HM Revenue and Customs attributed £27.3bn of tax receipts to the banking sector during the 2017 tax year. It is therefore unsurprising that London’s financial institutions are keen to know where they stand when it comes to selling services into the European market, as well as the regulatory framework they will need to operate under.

In November Brexit secretary David Davis pledged to seek a deal putting in place a transition period by next January, as well as securing a durable long-term co-operation agreement between London and the EU. Many financial institutions have argued for a transition period of at least two years after Brexit in March 2019, to enable them to adjust to life outside the EU. The EU Withdrawal Bill – or informally, the Great Repeal Bill – seeks to mitigate some of this uncertainty. Under the bill, all existing EU legislation will be copied over to the UK’s statute book to avoid a ‘black hole’ in domestic law. The UK parliament could then ‘amend, repeal and improve’ individual laws.

Some of the financial regulations governing the UK’s financial services sector are global standards, including Basel III, which sets a framework for capital adequacy, stress testing and market liquidity risk. However, other regulation has come via EU directive. This includes Solvency II regulation, which governs the amount of capital EU insurers must hold to reduce the risk of insolvency. However, in this case withdrawal from the EU may bring opportunity for more favourable terms for UK insurers. The Prudential Regulatory Authority (PRA), which oversees the largest insurers, is consulting on changes to Solvency II after industry and politicians lobbied for change post-referendum. These include reducing the scale of reporting requirements for insurers. Then again, with talks stuttering, it is still uncertain about the extent to which the UK can diverge from EU regulation while maintaining access to the trading bloc.

There are a couple of options for financial services to keep access to the bloc. The first would be retaining the EU passport, which allows financial entities based and regulated in one EU country to do business in other member states. However, the options available to do this make it seem unlikely. The UK could remain a member of the single market, similarly to Norway. However, European Economic Members must maintain freedom of movement and accept rulings from the European Court of Justice – Theresa May is against both. The other option would be for London-based institutions to establish subsidiaries in member states, which could increase the legal and regulatory burden on companies. A system of ‘equivalence’
livestock
Posts: 236
Off Topic
Opinion:No Opinion
Price:66.41
Britain kept the top spot
Today 12:32
UK still the top global financial services exporter but Brexit risk remains
Last year the UK netted a total trade surplus from financial services of $93.6bn(£69.6bn)

https://www.thecityuk.com/research/key-facts-about-the-uk-as-an-international-financial-centre-2017
Asperger1
Posts: 4,654
Off Topic
Opinion:No Opinion
Price:66.41
RE: Fantasy portfolio
Today 12:28
Usual Saturday update -
I started this fantasy portfolio to challenge various posters perception that Lloy is 'the worst share ever' or a 'dog of a share', on the 8th Oct last year I invited WL/Newchurch to choose an alternative ftse 100 company so I could run a comparison

On 8th Oct 2016 - 1000 quid bought 206 BP. shares & 1905 Lloy shares
Today's value
BP. 206 @ 505 - 1040
Lloy 1905 @ 66.4 - 1265

In April Invest4life suggested I add Glencore -
On 22-4-17 - 1000 quid bought 335 Glen shares & 1553 Lloy shares
Today's value
Glen 335 @ 363 = 1216
Lloy 1553 @ 66.4 = 1031

In May Pugsy suggested I add Ocado -
On 22-5-17 - 1000 quid bought 331 Ocdo shares & 1392 Lloy shares
Today's value
Ocdo 331 @ 337 = 1115
Lloy 1392 @ 66.4 = 924

In July Nucky suggested I add RBS -
On 12-7-17 1000 quid bought 384 RBS & 1512 Lloy
Today's value
RBS 384 @ 276 = 1060
Lloy 1512 @ 66.4 = 1004

In July Utrickytrees asked that I add BARC -
On 30-7-17 1000 quid bought 479 Barc & 1504 Lloy
Today's value
Barc 479 @ 202 = 968
Lloy 1504 @ 66.4 = 999

This weeks observation -
Barc & Glen continue to gain, Ocdo continues its slip back, others remain mostly flat despite Brexit peogression news

This weeks conclusion -
Anyone still thinking Lloy is 'the worst share ever' or a 'dog of a share' seriously need to have their bumps felt.

♞ 💰 💰 💰 📈 ❤️
utrickytrees
Posts: 1,999
Off Topic
Opinion:No Opinion
Price:66.41
RE: RE: off topic tricky
Today 12:18
Yes m8 2am boxnation, think it's on BT as well.
hooky61b
Posts: 569
Off Topic
Opinion:No Opinion
Price:66.41
RE: off topic tricky
Today 12:14
tricky is it televised
livestock
Posts: 236
Off Topic
Opinion:No Opinion
Price:66.41
Looking good for the banks
Today 12:05
Priti Patel predicts ‘big bang Brexit’ as banks begin to see benefits of leaving

Simple economics tells us that making our capital ever-more attractive for professionals (at a time when New York is set to become less attractive) is an opportunity we should grasp with both hands.

https://www.express.co.uk/news/uk/892912/priti-patel-brexit-big-bang-london-finance-professional-jobs-boom




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