After Dr Pippa Malmgren, advisor to the Department of International Trade and former White House official under President George W Bush, spoke of Foreign Direct Investment into the UK rising despite scaremongering from Project Fear, Luke Davis, CEO, and Founder of Mayfair-based investment house IW Capital has responded with what this will mean for SMEs…
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However, the FCA noted that there is no reciprocal “TPR” arrangement from the EU, for UK firms looking to continue doing business with EEA clients. How might this temporary permissions regime look? What else is concerning the FCA at this stage, less than nine months before a Hard Brexit might take hold? The full text of Nausicaa…
Read moreThe European Securities and Markets Authority (ESMA) has announced that it is issuing a Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the United Kingdom withdrawing from the European Union. As there is no assurance that a…
Read moreAndrew Bailey, Chief Executive of the UK's Financial Conduct Authority (FCA) has today given a speech at the City Week ‘The International Financial Services Forum’, Guildhall, London, regarding Brexit, UK and EU authorities, and more. Highlights of it include: Now is the time for the UK and EU authorities to come together and work on…
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The Financial Conduct Authority (FCA) has just informed the public that it welcomes the agreement reached on the terms of an implementation period that will apply following the UK’s withdrawal from the European Union, as part of Brexit. The implementation period is intended to operate from 29 March 2019 until the end of December 2020,…
Read moreBusiness adopts a ‘wait and see’ approach as 70% of CFOs say Brexit is yet to affect their strategic planning A survey of 200 Chief Financial Officers (CFOs) across the UK and Europe will make difficult reading for those charged with delivering Britain’s exit from the EU. In a survey conducted for four weeks in…
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During the last week of April, Eurex Clearing, LCH Swapclear and CME have simulated the default of a major participant – based on the Brexit market conditions as of 24 June 2016. At Eurex Clearing, the defaulted member’s portfolio represented one of the largest clearing members with open positions in listed equity (index) derivatives, pending…
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Four years in the making and 18 rounds of negotiations later, and the Euro-Japanese free-trade agreement finally got the green light. Announced officially on Thursday 6 July, the colloquially named ‘cars for cheese’ deal is expected to increase European exports to Japan by €20bn a year, writes FXTM Staff Writer, Emma Davidson. Europe has pressed…
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The following article was written by Adinah Brown, content manager at Leverate. Britain’s relationship with the EU, if nothing else is turning out to be the most speculated break-up of the 21st century, whose unraveling drama is rivaling some of the best midday television’s romantic sagas. It all follows the typical narrative; the EU courts…
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This article was written by Adinah Brown, content manager at Leverate. What’s it like to have the most expensive divorce in history? Ask the people of Britain, as Westminster finalises the cost of leaving the European Union. Anyone that has not been watching closely the machinations in Europe will find it surprising that there is…
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