Brexit News
Netherlands offers UK providers temporary reprieve from no deal Brexit
Exemption from third-country limits likely to be extended until 1 January 2021
UK and EU regulators agree on contingencies for ‘no deal’ Brexit
ESMA says agreements will allow UK-based asset managers to continue to run money for EU entities
Brexit: Derivatives trade exodus ‘to start with currency contracts’
Asset manager expects derivatives trade through London only to remain unchanged if Brexit is cancelled
UK’s share of EU pension liabilities is €9.8bn, government says
Bill will be based on staff data as of 31 December 2020, according to the withdrawal agreement
Brexit roundup: MPs to explore UK financial services’ post-EU future
Plus: Luxembourg regulator issues fund manager delegation and passporting reminders
Brexit: Fund managers predict Article 50 extension
Extension to negotiations is likely but many difficulties remain for all options, investors warn
Frustration as UK parliament rejects Brexit deal
‘Time is almost up,’ warns European Commission president as withdrawal agreement is overwhelmingly rejected
EU sets out derivatives rules for no-deal Brexit
‘Temporary and conditional equivalence decision’ would allow counterparties in the UK to keep operating for another 12 months
UK roundup: Schroders’ DC funds pass ‘value for money’ test
Also: Reuters seals £625m risk transfer deal; DWP attempts to reassure on post-Brexit state pension payments
Asset management roundup: Legg Mason opens Dublin office
Plus: Natixis combines private equity teams, BMO enters UK fiduciary market, Union’s new research division
IPE Conference: The intertwined future of retirement and investment
Panellists discuss outcomes-based investing, ESG, fees, Brexit and more
Cardano: Brexit deal failure ‘could see deficits soar by a third’
DB schemes’ collective shortfall could increase dramatically if withdrawal agreement fails, and improve if it passes
Asset management roundup: Impax joins the move to Dublin
Also: Kempen to close Edinburgh office, relocate small cap funds
UK set to lose its voice on European financial rules, FCA warns
Withdrawal agreement bars UK regulator from formal input into future EU financial rules
Regulator warns on liquidity if Brexit deal fails
The UK’s Financial Conduct Authority says liquidity shortfalls could push up costs and make it harder to execute large transactions
ESMA moves on UK clearing house recognition in case of cliff-edge Brexit
EU watchdog working with Commission and UK clearing houses on temporary recognition
Brexit: Lobby groups call for action to prepare for ‘no deal’ outcome
Financial services groups welcomed last week’s deal but recognise difficulties ahead
UK appoints new work and pensions secretary amid reshuffle
Amber Rudd appointed as the third head of the DWP this year and fourth under Theresa May’s leadership
Brexit analysis from IPE Magazine
Brexit is no simple break
The implications of the UK’s EU departure will be complex and wide ranging for asset managers
Letter From Brussels: Brexit focus moves to pensions
As the risk of a no-deal Brexit comes into focus, attention is turning to ways to mitigate the damage across financial services, including asset management and pensions
Brexit and sponsors: The great unknown
Trustees need to think about market volatility and employer covenants in light of Brexit
Letter from Brussels: EU seeks to avert Brexit arbitrage
Strong words on Brexit are flying in political circles. But behind the theatre, concerns about the future of London’s fund management sector are emerging
Letter from Brussels: Brexit and equivalence
Nothing could be clearer. For the financial sector, at least, there is nothing to fear from Brexit. All the UK has to do is to apply to the EU’s rules – the crucial term ‘equivalence’
UK firms vulnerable to slowdown
Joseph Mariathasan finds that the UK economy has fared quite well since the Brexit vote, but smaller companies are vulnerable to any potential domestic slowdown
Outlook 2017: Breaking up is hard
The UK referendum result raises the possibility of other countries leaving the European Union. Christoph Schon and William Morokoff examine the impact of such a scenario
Risk parity post-Brexit
Despite the increase in risk in many asset classes from a year ago, risk parity funds have weathered this summer’s volatile markets
Guest Viewpoint: Peter Kraneveld - International Pensions Adviser
Pension funds are not about politics, but their investment portfolios include political risk
