Global custodians and fund administrators have bolstered their teams in Ireland and Luxembourg in anticipation of these new flows.
As UK and European regulators clash over post-Brexit share trading rules, it could spell further divergence for post-trade arrangements.
Cboe and Turquoise have established EU entities in Amsterdam, while Aquis Exchange set up its new EU base in Paris.
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.
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.
Global Custodian looks at the recent MOUs’ between the UK and EU financial regulators and their implication for securities markets.
The agreement between ESMA and the Bank of England eases concerns of significant disruption to the Irish securities market.
UK exchange group acquires 4.92% stake in Euroclear as two look to work together on commercial collaboration and product development.
Since the EU referendum, 20 companies monitored by EY have announced a transfer of assets out of London into Europe.