The International Swaps and Derivatives Association (ISDA) has issued a statement concerning the result of the UK referendum on EU membership. In its statement the ISDA states:
“It is important to stress, however, that the UK vote to leave the EU will not have an immediate impact on the legal certainty of existing
The British Bankers Association has issued a statement on the EU referendum vote.
The statement reads:
“Customers should rest assured their banking services will continue as normal. People will be able to take money out of cash machines, exchange currency and have full access to their banking services. Any consequences of the referendum result will
The European Banking Federation (EBF) has issued the following statement following the referendum result:
“A significant amount of contingency planning has already been undertaken by the European banking industry. Banks will now assess what the result means in the long term. Our industry will now be working towards an orderly transition to minimise
Following the referendum result this morning the Norton Rose Fulbright LLP financial services team has published a short video.
The second issue of our Global Asset Management Quarterly is now available.
This publication highlights key developments that will be of interest to, and affect, our asset management clients, including market trends and developments in tax and buy-side regulation globally. Articles in this issue include those on US topics from David Barrett, Michael Flamenbaum
On 21 June 2016, the Dutch Minister of Finance published a letter addressed to the Dutch Parliament on the reforms and results of the Dutch financial sector. In his letter, the Minister looks back on the most important measures that have been taken to create a more stable and accommodating financial sector. These measures include,
On July 12, 2016 the Financial Services Team at Norton Rose Fulbright LLP will be holding its ninth annual Markets Infrastructure Group seminar. The seminar will look at the impact of the recent regulatory developments on the trade and post-trade environment and will be followed by a panel discussion on how FinTech may further change
The second edition of our Global Asset Management Quarterly is now available.
This publication highlights key developments that will be of interest to and affect asset managers, including market trends and developments in tax and buy-side regulation globally.
The second edition can be found here
Under MiFID operators of regulated markets (RMs) and multilateral trading facilities (MTFs) must make public the current bid and offer prices and the depth of trading interests in respect of shares admitted to trading on an RM unless exemptions apply. However, MiFID allows Member State competent authorities (NCAs) to
The Agency for Co-operation of Energy Regulators (ACER) has published the fourth edition of its guidance on the application of the Regulation on wholesale energy market integrity and transparency (REMIT).
The updated guidance places strong emphasis on Article 15 of REMIT. ACER intends to provide more detailed guidance to national regulatory