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.
Inside Brexit blog
Topic: Financial-institutionsSubscribe to Financial-institutions
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.