Banking & asset management

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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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

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

“Onshoring” Statutory Instruments Comment Series: Bank Recovery and Resolution

Under the European Union (Withdrawal) Act 2018—which aims, amongst other things, to incorporate into UK law all applicable EU legislation and to give powers to Ministers to make such amendments to retained law as are necessary to deal with any … Continue reading

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First batch of UK Government’s Brexit ‘no deal’ technical notices released

Today the UK Government released the first of an anticipated three batches of technical notices about the impact of a “no deal” scenario at the end of March 2019. These are available here. This first batch is of 25 and … Continue reading

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Filed under "No Deal" UK papers, Banking & asset management, Employment, Energy, Financial services, Insurance, State aid, Trade, UK-EU negotiations

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 … Continue reading

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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 … Continue reading

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Filed under Aviation, Banking & asset management, Capital markets, Competition, Contract, Corporate, Data protection, Disputes, Employment, Energy, Financial services, Insurance, Intellectual property, Real estate, State aid, Tax, TMT, Trade