As the United Kingdom faces the March 29 deadline for Brexit, the CFTC and the Bank of England along with the Prudential Regulation Authority (BoE), and the Financial Conduct Authority (FCA) are providing clarification on the regulatory framework governing derivatives processing and clearing between the U.K. and U.S. if and when the UK completes its… Read More >>
SIFMA, Others Push Treasury to Ease the Brexit Burden
Key U.S. financial services trade groups recently sent a letter to U.S. Secretary of the Treasury Jacob Lew asking him and his department to work with their counterparts in the U.K. and the E.U. toward “a smooth and transparent Brexit transition process that minimizes the impact on global markets,” according to the letter. The Securities… Read More >>
U.K. May Delay Brexit Until 2019
It may only be two months since the U.K. invoked the historic vote to leave the European Union but now it seems like an eternity. At this rate, it could literally be years before U.K. Prime Minister Theresa May triggers Article 50 and gets the ball rolling. However, this will only infuriate the Brexiteers and… Read More >>
