Close scrutiny of UK financial firms’ European Union outposts will continue indefinitely, the bloc’s securities watchdog said, as regulators begin a round of new checks on how they are operating, Reuters reported. Hundreds of trading and investment firms from the City of London have set up shop in the EU to avoid disrupting business with the bloc by relocating staff and assets. The costly investment was vindicated by an UK-EU trade deal that left UK financial services largely cut off from the continent after Britain left the EU’s orbit on Dec. 31.

Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of $10 billion worth of funds linked to British financial services firm Greensill Capital, Reuters reported. The Swiss bank has hired external firms to help with their inquiries in the wake of Greensill Capital’s insolvency. Greensill’s insolvency has sent ramifications through the world of trade finance, threatening companies which relied on its platform to receive faster payment for the goods they had supplied to larger entities.

Greensill Capital’s talks to sell parts of its operating business to Athene Holding Ltd. were derailed after one of the firm’s key technology partners received funding that allows it to finance Greensill’s most creditworthy clients directly, Bloomberg News reported. Taulia, a financial technology company that had worked closely with Greensill, landed a $6 billion liquidity facility from banks including JPMorgan Chase & Co. Taulia’s clients had an immediate need for liquidity because of Greensill’s insolvency.