Operational challenges lay ahead as the market awaits clarity on the Brexit plan
Brexit may impact every level of company
operations if the UK is not granted an equivalent regulatory
regime but experts have warned firms should take a pragmatic
approach as they begin their post-Brexit plans due the lack of
"A concern for the principal trading firms
is the operational issues that Brexit can lead to, especially
when it comes to market access. The hope is the UK will have a
recognised equivalent regime as its EU counterparts, and so
market participants from the UK can continue to freely access
these EU markets, and vice versa," Piebe Teeboom, secretary
general of the FIA European Principal Traders Association told
"However, a risk is that political forces
could block the recognition of equivalence. This would
ultimately stifle free and unqualified market access in Europe
and could have wide-reaching market impact. Greater access
presents benefits for all European economies," he added.
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