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Brexit

This category contains 33 posts

Brexit update: Activity continues but still no certainty

Despite the summer being quiet, the news headlines still continue to be full of material on Brexit, for example this news story on the Sky News web site about EU chief negotiator Michel Barnier not being in favour of the “Chequers” proposal from July (see here). There are also reports that the previously set deadline … Continue reading

Brexit update: REMIT SI announced, and developments on the financial side

There have been a few developments in the Brexit story since our last post here. On the political level, the story continues to dominate the headlines in the UK, with a commitment to continue to negotiate as much as possible (see here on The Guardian web site). The UK’s HM Government Department for Business, Energy … Continue reading

Brexit update – articles and papers

There have been a few more articles relating to Brexit, as seem from  the energy and commodity trading world since our last post on the topic (see here). On the financial side, Simon Lovegrove of Norton Rose Fulbright has published this analysis on the temporary permissions regime drafted by the FCA for the eventuality of … Continue reading

Brexit update – the statements and discussions continue

There has been a great deal of activity on the Brexit side of things since our last post (see here). In addition to the ongoing political activity, there have been developments on both the financial and energy regulation streams of activity. In addition, the European Commission published this statement giving their view on how to … Continue reading

Brexit – The story continues

The activity around Brexit continues, with several important events taking place since our last post here. In particular, last week, the UK Government released their white paper on the proposed position with which to negotiate the withdrawal with the EU, which can be found here. This follows the previously published draft Withdrawal Agreement (see here).  … Continue reading

Brexit update – Much activity but no certainty

The political activity around Brexit continues, with the coming week seeing a “Brexit cabinet meeting” in the UK (see here on the BBC web site) following a meeting between the parties last week (see here on the BBC web site). In addition, there have been some more specific developments of interest since our last post … Continue reading

Brexit update: FIA survey and threats to equivalence

The headline level story around Brexit in the UK is around the vote in the UK Parliament next week on the 15 amendments to the “Brexit Bill” proposed by the House of Lords (see here on Sky News). There have also been some developments on the financial side since our last post (see here). Yesterday, … Continue reading

5 months later, how is MiFID II going?

Yesterday was the 5 month anniversary of the start of MiFID II.  In many ways, things have settled down since then, although there have been some developments over the past weeks (see here for a list of these already covered). While all has been relatively quiet in the world of energy and commodities, there is … Continue reading

Brexit update – Financial discussions and energy “hard Brexit” document

Despite many discussions since our last update (see here), uncertainty around how the world will look after Brexit continues. Energy markets The European Commission’s Directorate General of Energy has recently  issued this document outlining the consequences of a “hard Brexit” in terms of the energy market. It stresses several issues that would occur, for example … Continue reading

Push back on “gold plated” Bank of England rules on algorithmic trading

Several industry associations and banks have pushed back against proposals by the Bank of England to roll out an enhanced version of the rules governing algorithmic trading in financial instruments, as reported here on the Bloomberg web site. The Bank of England released this consultation paper in February, which proposes rules that go over and … Continue reading