UK fund investors move £62 billion offshore for Brexit prep
Global custodians and fund administrators have bolstered their teams in Ireland and Luxembourg in anticipation of these new flows.
Tag: Brexit
Clearing takes centre stage as Brexit threatens derivatives fragmentation
London stands to lose a significant amount of clearing business from European derivatives traders as a result of Brexit. How will this fragmentation affect Europe’s clearing landscape, asks David Whitehouse.
Clash over post-Brexit stock trading rules could mean further UK-EU regulatory divergence
As UK and European regulators clash over post-Brexit share trading rules, it could spell further divergence for post-trade arrangements.
EuroCCP to clear for new post-Brexit EU entities of Cboe, Turquoise & Aquis
Cboe and Turquoise have established EU entities in Amsterdam, while Aquis Exchange set up its new EU base in Paris.
Northern Trust makes Brexit play by establishing Luxembourg bank
The custodian selected Luxembourg as its post-Brexit destination in 2017, creating an EU-banking license as it looked to continue serving continental European funds.
European asset managers with UK branch face MiFID barriers
Potential changes to MiFID II could mean EU asset managers setting up a branch in the UK post-Brexit would face barriers dealing with European clients.
How will ‘no-deal’ Brexit MOUs’ impact the post-trade?
Global Custodian looks at the recent MOUs’ between the UK and EU financial regulators and their implication for securities markets.
Euroclear UK to continue Irish securities settlement in ‘no-deal’ Brexit
The agreement between ESMA and the Bank of England eases concerns of significant disruption to the Irish securities market.
London Stock Exchange acquires stake in Euroclear
UK exchange group acquires 4.92% stake in Euroclear as two look to work together on commercial collaboration and product development.
UK funds see £800 billion in outflows to Europe, finds EY study
Since the EU referendum, 20 companies monitored by EY have announced a transfer of assets out of London into Europe.