FIA Adds UK-EU News and Relations Page Amid Brexit06.24.2016
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?
Review of trading desks found that incoming banks did not yet retain full control of their balance sheets.
UK has a greater market share than pre-Brexit for on-venue execution of GBP interest rate swaps.
Recognition has been temporarily extended until 30 June 2025.
The trade repository has been providing UK services since the first business day after Brexit on 4 Jan 2021.
European firms could operate temporarily in the UK after Brexit while seeking full authorisation.