While Brexit has been making general political headlines (for example see The Telegraph here), more sector specific issues are of key importance, if planning for March 2019 is to be at all possible. Last week Christopher Giancarlo, the Chair of the CFTC gave this speech at the Bürgenstock conference. The speech includes comments relating to the policy proposed by the European Commission on CCP location (see here), which would require certain Euro clearing to take place within the European Union after the Brexit, with some possibly onerous “brass plating” rules. The EU is also pushing for more centralised supervision of the financial sector, as reported in this article on the Reuters web site.

On the energy regulation side of things the House of Lords select committee, which launched an enquiry in the effect of Brexit on the UK energy industry in July (see here), has meet, as reported here on the Times and Star web site in relation to nuclear power.

There has also been activity to ensure that the Emissions Trading Scheme does not suffer any adverse effects from Brexit, as reported here on The Daily Mail web site. This  article on the Carbon Pulse web site also examines the issue.

While these are developments in principle, many would like to see the start of practical discussions, so that concrete preparations can be made for a deadline which is just over 18 months away.