Unwanted Kingdom: managing no-deal Brexit risks
UK-based dealers must plan now if they are to handle trades that extend beyond Brexit day
She may have called it “implementation” rather than transition, but UK prime minister Theresa May appeared to give the financial services sector what it wanted in Florence on September 22. In a speech intended to unblock Brexit negotiations with the 27 other European Union members, she talked of a two-year period after March 2019 during which current arrangements between the EU and the UK would remain in place.
On closer scrutiny, however, the speech became less reassuring. There is continued
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