Partner Barney Reynolds (London), head of the global Financial Institutions Advisory & Financial Regulatory Group, spoke at FIA's conference "Brexit in a Day" on May 16 in London.
On Wednesday, March 29, UK Prime Minister Theresa May triggered Article 50, and the two-year countdown to Brexit began. With this, questions about the effect of the UK’s withdrawal from the European Union continue to grow. This event highlighted the key areas of concern for listed and cleared derivatives including the potential impact on market infrastructures, participants and users, both in the UK and in the EU.
Reynolds spoke on "Accessing Global Markets," which focused on the issues and potential models to preserve market access, what the UK might need to put in place and what the impact might be on UK and EU exchanges and CCPs.