Brexit Asset Management Update

In this blog post we summarise the latest Brexit developments related to asset management. Letters from UK financial regulators and HMT – preparations for no-deal Brexit FCA statement on operation of MiFID transparency regime post-Brexit FOS Q&As on effect of… Read more

Financial Services and the WTO in the context of Brexit

The EU Financial Affairs Sub-Committee of the House of Lords held a public meeting on financial services and the World Trade Organisation (WTO) on 13 March 2019.  Eric White, a Consultant in the Brussels office of Herbert Smith Freehills gave… Read more

BREXIT ASSET MANAGEMENT UPDATE

FCA proposed rules and guidance The FCA has published proposed rules and guidance that will apply in the event that the UK leaves the EU without a withdrawal agreement in place. This includes a Brexit policy statement and transitional directions… Read more

Brexit Asset Management Update

Treasury Committee inquiry: The future of UK financial services after EU exit The House of Commons Treasury Committee has announced a new inquiry into the future of the UK’s financial services once the UK has left the EU. The inquiry will examine what the… Read more

EUROPEAN COMMISSION ANNOUNCES “NO DEAL” CONTINGENCY ACTION PLAN

The European Commission has announced that it has started implementing its Brexit “no deal” Contingency Action Plan given the continuing uncertainty regarding ratification of the Withdrawal Agreement in the UK.  This follows the Commission's communication of 13 November 2018 which… Read more

Five months to Brexit: avoiding a “no deal” crisis

Paul Butcher and Tom Henderson have published an article in FERMA/AIRMIC's joint Brexit Newsletter advising risk management professionals of some of the key matters that they will need to consider to prevent a Brexit-related "no deal" crisis. Given it remains… Read more

Brexit Final Political Declaration: Nothing [new] to see here?

On financial services, the final political declaration contains essentially the same three points as in last week's outline political declaration (the implications of which were discussed in our blog post of 15 November, available here), although there is some limited… Read more

EIGHT MONTHS TO BREXIT: IS YOUR BUSINESS PREPARED?

As the clock ticks down to 29 March 2019, the UK and the EU are stepping up their preparations for the possibility of a "no-deal" outcome. From a corporate governance and risk management perspective, businesses that have not done so… Read more

Brexit 9 months to go: Brexit Legal Guide

As business makes increasingly vocal calls for legal certainty we are pleased to launch this updated Brexit Legal Guide. The new online guide will be regularly updated as the legal impact of Brexit evolves. Forthcoming updates will include reaction to… Read more

BREXIT UPDATE – EEA (RE)INSURERS

The post below was first published on our Insurance blog EEA insurers and reinsurers doing business in the UK under the insurance passport must prepare for the UK's withdrawal from the EU. We consider, in our latest "At a Glance" guide,… Read more

Banks, Brexit and what’s next?

The global financial crisis in 2008 and the slump that followed were predicted to change the face of international banking, mark a retreat from globalism and result in much tighter regulation of institutions. The last is undoubtedly true, particularly in… Read more

Brexit and cross-border insurance contracts

The post below was first published on our Insurance blog On 14 September 2017, the UK Parliament published a letter from Nicky Morgan, Chair of the Treasury Committee, to Philip Hammond, Chancellor of the Exchequer, on insurers' ability, post-Brexit, to service… Read more