Market feedback on HMT’s call for input on the regime is still being reviewed, but sources maintain that tax changes will be central to any meaningful reform
The new regime aims to separate prudential requirements for banks and investment firms, but market participants denounce excessive complexity and a ‘copy-and-pasting’ of CRR/CRD rules
After several years of battling against the mandatory buy-in requirements, market participants are relieved by the European Commission’s decision but anticipate more permanent announcements
Three key dates for the clearing of derivatives in the post-Brexit world are coming up in June next year, which market participants say could be a recipe for disaster
