Despite U.K. politicians wanting to focus on social and health issues, Brexit stubbornly stayed front and center on the U.K. political scene throughout 2017. There were many nail biting moments as the talks progressed and this will certainly be the case for 2018. The firing gun was started last March when U.K. Prime Minister Theresa… Read More >>
CFTC’s Giancarlo Sounds the Alarm on E.U. Overreach
There are so many moving parts to the Brexit negotiations between the U.K. and the E.U., but the European Commission’s wish to tighten its grip on non-European clearinghouses has rankled U.S. regulators. In an opinion piece titled “An EU Plan to Invade U.S. Markets,” published in The Wall Street Journal by J. Christopher Giancarlo, chairman… Read More >>
Frankfurt Leads in Race to Be Next E.U. Financial Hub
As U.K. and European Union officials battle it out over Brexit financial settlements and border resolutions, Paris, Amsterdam, Dublin and Frankfurt are vying to be the city of choice for London-based financial institutions searching for a new European base. Competition is fierce but Germany’s largest city and financial capital, already home to the European Central… Read More >>
Bill Provides Next Rocky Chapter for Brexit
In the latest chapter of the Brexit epic saga, the U.K. government has published a succinct, 137-word bill that will allow England to trigger Article 50. The brevity of the bill along with the five-day window to debate it has sparked angry protests from opposition parties claiming there is not enough time to debate and… Read More >>
Brexit Threatens London’s Role as Financial Hub
One of the big unknowns in the post-Brexit world is the fate of London as a global financial hub. While some market participants will put on a brave face, arguing that the City’s infrastructure and skill sets are hard to replicate, recent studies argue that the dreaded exodus could happen if negotiations do not go… Read More >>
