London fund managers find the French and Irish law documents useful in facilitating relocation and would like to see more practical Brexit guidance from industry associations
The securitisation market is yet to adopt the Libor fallback provisions, even after Afme provided template model wording. Market participants are suffering from regulatory fatigue
Buyside firms reveal that Mifid II’s transparency requirements have led to a decrease in the need for sellside. The new directive’s democratisation of data may be noble, but it’s already hitting sales and trade desks across the EU
Sellside sources are in the dark about buyside’s Brexit plans, while many asset managers have been busy relocating assets into Ireland and Luxembourg in anticipation. Firms reveal their struggle of making Brexit plans in light of competition law and countless internal struggles
Banks are tired of the constant duplication of data under various regulations and are urging authorities to streamline the process. Minor linguistic differences can make it practically impossible for machines to read and interpret information efficiently
Heads of asset managers, in-house counsel and bankers reveal the so-called 'chaperone' loophole for UK-based financial services institutions post-Brexit that allows for minimal staff moves. But EU regulators reiterate their position that letterbox arrangements are unacceptable
