UK market participants have lobbied hard against some of the Mifid II rules
By Brian Collings, chief executive
officer, Torstone Technology
certain thing we know about Brexit is that there is no
certainty on what the UK's exit from the EU will look like! And
even one month on after the referendum result, the situation is
still very fluid. In the immediate aftermath of the referendum
it seemed as if the UK government would opt for a 'hard Brexit'
and now under the leadership of the new British prime minister,
a softer option might be on the cards.
So as the
political debate and fallout continues after the referendum,
what can we say now about the potential impact of Brexit on
post trade regulatory initiatives and market infrastructure in
the future? To date, most of the media focus from a post trade
perspective has been on the impact of Brexit on
Euro-denominated clearing and trade reporting - topics we will
get back to shortly.
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