FIA Adds UK-EU News and Relations Page Amid Brexit
FIA has compiled a variety of resources that may of be interest to industry members as the United Kingdom (U.K.) has voted in favour of leaving the European Union. This page will be updated regularly; please check back for additional information.
Please contact us at UK-EURelations@fia.org if you have any questions.
FIA engaged Allen & Overy to prepare a memorandum outlining likely next steps and near-term consequences for the cleared derivatives industry.
Brexit: What’s Next for the Cleared Derivatives Industry?
The review is an opportunity to recalibrate MiFID II regulations post-Brexit.
Trade associations have asked for an extension of the temporary equivalence decision for UK CCPs.
Temporary equivalence is set to expire on June 30 2022.
IRS trading volumes have fragmented without an equivalence agreement.
Most EU member states had an increase in bankers earning more than €1m.