That was the question finance experts and thought leaders discussed at the first International Financing Review (IFR) Brexit Conclave, The Impact of Brexit on Capital Markets Regulation.
Potential Brexit implications
While there’s no crystal ball into how the effects of a Brexit will play out, see what industry leaders had to say about:
- Equivalence: Will laws and regulations be the same in the UK as they are in the EU? Equivalence has the potential to significantly impact global trade, and finance, banking and insurance professionals are all paying close attention. The EU’s Markets in Financial Instruments Directive (MiFID) is of tremendous interest, as it focuses on investment services regulation in the European Economic Areas.
- Passporting: A major attraction of being part of the EU has been the ability to move goods and people easily across borders, allowing corporations to easily establish a more European presence. What will this mean for businesses, employees and corporate strategies?
- Grandfathering: Will previous legal and financial agreements will be recognized, or will new ones need to be established? As one participant explained, “The issue, more broadly, of grandfathering and its implications, is a massive question and it really depends on what exactly is being grandfathered.”
Gain more insight by reading The Impact of Brexit on Capital Markets Regulation.
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