Financial services

The View from Paris: French “no-deal” Brexit planning – Act two: the future of UK financial services industry in France

Only fifteen days after activating the French Brexit Act (Act n°2019-30) authorising the French Government to set out ordinances relating to transitional measures due to a “no-deal” Brexit, the French Government published on 6 February an ordinance about financial services … Continue reading

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Filed under Banking & asset management, Financial services, Insurance

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 … Continue reading

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Filed under Banking & asset management, Financial services

The View from Paris: French Government “no-deal” Brexit planning for financial services industry

With Brexit day fast-approaching  and the draft Withdrawal Agreement defeated in the UK Parliament on 15 January 2019, the French Government has undertaken to enact measures in key areas in order to mitigate against the consequences of a “no deal” … Continue reading

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Preparing for Brexit: EEA Firms – UK Temporary Permissions Regime (“TPR”)

The post below was first published on our FSR blog The UK FCA and PRA propose to implement the TPR if the UK leaves the European Union on 29 March 2019 without an implementation (or transitional) period, to ensure that EEA firms … Continue reading

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EUROPEAN COMMISSION ANNOUNCES “NO DEAL” CONTINGENCY ACTION PLAN FOR FINANCIAL SERVICES

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 … Continue reading

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Filed under Banking & asset management, Financial services, Insurance, UK-EU negotiations

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 … Continue reading

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Filed under Aviation, Financial services, UK-EU negotiations

FCA consultation paper and other listing regime developments

The Financial Conduct Authority (FCA) has published a second consultation paper (CP18/36) on amendments to the FCA Handbook to take account of Brexit. The Government has also published a bill on implementing legislation that has been adopted by the EU … Continue reading

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Filed under Corporate, Financial services

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 … Continue reading

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Filed under Aviation, Capital markets, Competition, Construction, Consumer, Contract, Corporate, Data protection, Disputes, Employment, Energy, Environment, Financial services, Infrastructure, Insolvency, Intellectual property, Manufacturing, Mining, Pharma, Planning, Real estate, Risk & due diligence, State aid, Tax, TMT, Trade, Transport

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 … Continue reading

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Filed under Article 50, Financial services, UK-EU negotiations

Brexit Outline Political Declaration: Initial indicators for the financial services industry

Yesterday’s announcements on the terms agreed for the UK’s withdrawal from the EU say relatively little about the future framework for cross-border trade in goods or services. More detail is expected on this next week. The draft withdrawal agreement provides … Continue reading

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Filed under Article 50, Banking & asset management, Financial services, Insurance, UK-EU negotiations