September 19, 2016
Partners Barney Reynolds and Thomas Donegan (both London-Financial Institutions Advisory & Financial Regulatory) authored an article titled “Brexit: Significant Opportunities for a Regulatory Reboot." The article first appeared in Banking Perspectives, the quarterly journal of The Clearing House.
The UK's vote to leave the European Union has triggered a change in the political climate and in the way banks and financial market participants are likely to be regulated in the region. The situation presents considerable opportunities for improving the regulatory framework for the sector as a whole. The article discusses the options for the future relationship between the EU and the UK and the likelihood of the EU equivalence framework forming the basis for access by UK financial institutions to the EU markets.