LMA Submission to the House of Lords 'Brexit: deal or no deal' inquiry
The LMA believes that any sudden loss of passporting rights arising from a “no deal” Brexit could damage a variety of lending & loan market activities of UK banks unless measures are put in place.
FMLC letter to Ministry of Justice concerning the European Union (Withdrawal) Bill 2017
The Financial Markets Law Committee (FMLC) has published a letter that draws attention to certain issues of legal uncertainty arising out of clause 3 of the European Union (Withdrawal) Bill 2017 (the Bill).
PRA letter to Treasury Committee concerning firms’ contingency planning for Brexit
There has been published a letter from the PRA to Nicky Morgan MP, Chair of the Treasury Committee.
House of Lords EU Financial Affairs Sub-Committee launches inquiry into post-Brexit financial regulation and supervision
The House of Lords EU Financial Affairs Sub-Committee (Committee) has published a call for evidence announcing it is launching an inquiry into financial regulation and supervision following Brexit.
ESMA proposes continued supervision or relocation of UK financial infrastructure post-Brexit
It is no secret that European lawmakers and regulators intend for euro-denominated clearing activities to be moved to the EU27 after the UK exits the European Union.
How Europe is regulating capital markets as Brexit looms
Whether post-Brexit the draft new Prospectus Regulation is helpful will depend on how it is implemented in practice.
Brexit and Article 50 - a financial services update
The Prime Minister delivered the letter to the European Authorities in relation to the Article 50 triggering of Brexit. Find out what this means for financial services.
EU policy makers exchange views on the third country equivalence framework
On March 8, 2017 the European Parliament’s Economic and Monetary Affairs (ECON) Committee held a hearing on third-country equivalence in EU financial services regulation.
Loan Market Association highlights passporting issues for UK lenders and importance of transitional arrangements
The Loan Market Association has responded to the UK Treasury Committee's Call for Evidence on EU Exit and Transitional Arrangements.
Market access after Brexit: Prospectus equivalence
Timing is everything. Before the UK referendum on exiting the European Union, the European Commission proposed a draft Prospectus Regulation as part of its Capital Market Union (CMU) initiative.
Regulatory equivalence report: a detailed examination
Brexit and financial services: House of Lords report and European Parliament briefing note
On Friday December 16, the House of Lords’ European Union Sub-Committee published its report on Brexit: financial services.
Brexit and financial services: 10 things you should know (Part III)
The briefing note looks at recent developments and considers the key issue of equivalence.
Brexit and financial services: 10 things you should know (Part II)
We take a look at some of the key themes that the industry is considering.
The French Prudential Control and Resolution Authority and the French Financial Markets Authority are simplifying and speeding up licensing procedures in the context of Brexit
Financial services video – an update on Brexit
Peter Snowdon and Simon Lovegrove present a short update on Brexit.
LMA panellists give upbeat review of UK real estate market post Brexit referendum
The Loan Market Association arranged a panel discussion on the current state of the UK real estate market on 22nd September.
Moving abroad? Banks will “wait and see”
At the committee last week, Anthony Browne, chief executive of the British Bankers Association, reported that UK based banks have not decided whether to move operations overseas at the moment.
Brexit Q&A – impact on derivatives
The effect on UK real estate fund managers
We identify some of the key areas that UK real estate fund managers will be considering and monitoring closely over the coming weeks and months.
Capital Markets Union – is it still relevant to the UK?
Following the UK referendum result, capital market participants in the UK have asked whether they will still be affected by the EU’s Capital Markets Union (CMU) package of reforms.
How would a loss of passporting rights impact on asset finance and the transport sector?
The post focuses on the potential impact of a Brexit scenario in which passporting rights are lost, on asset finance in the transport sector in particular.
Trade finance – is it business as usual?
Since the UK referendum, there has been little impact on the trade finance market. Trade finance is typically short term, matching trade flows that are actually occurring.
What impact might Brexit have on the London insurance market?
The London market is currently the largest global centre for insuring commercial and specialty risk.
Using a European company to maintain access to the single market
Whilst remaining optimistic that there will be a political compromise allowing continued access to the Single Market, many groups are considering how they could move their businesses to another Member State.
Brexit - Share plans and executive remuneration
As the dust settles, we consider the impact of Brexit on share plans and executive remuneration in the short, medium and long term.
COMI reps and EU Insolvency Regulation
The European Insolvency Regulation provides for reciprocal recognition and enforcement of insolvency proceedings across Member States.
Should English law contracts include an Article 55 BRRD Bail-In Recognition Clause?
Brexit and financial services: 10 things you should know
The briefing note explores the implications of the decision to leave the EU for the financial services sector.
Brexit – The effect on asset and wealth management
In this short briefing, we identify some of the key areas that we see that asset managers will be considering and monitoring closely over the coming weeks and months.
EU-derived laws after Brexit: Focusing on the CRR and CRD IV
Will the vote for Brexit trigger material adverse change clauses?
What does the leave vote mean for financial services firms?
The UK has voted to leave the EU. Jonathan Herbst discusses what the leave votes means in practice to you as a GC or as senior management in a regulated firm?