The final part of Practice Insight’s landmark Brexit survey highlights the struggles in-house counsel and private practice face when repapering, while buyside and sellside sources weigh-in on their concerns outside the UK's departure from the EU
In-house compliance teams are finding it hard to digest Esma’s guidance on SFTR as some definitions are inconsistent with Icma’s best practice guide, specifically repo and buy-sell back transactions
Lessons from Emir implementation have gone amiss in the securities finance industry. With a clearer deadline in place, it remains to be seen whether the sector will prioritise SFTR compliance projects on time.
Buyside firms want a concrete answer to custodian cut-off dates to make a case for onboarding budgets and resource planning. Some may be out of pocket by paying the annual custodian fee, yet fall out of scope of UMR
The second instalment of this landmark survey uncovers the UK financial market’s top choice for relocation. Meanwhile continental firms haven't even heard of the FCA's plan for continued access.
Market consensus is forming around temporary solutions such as the CRA III or BoE templates while firms continue to wait for the European Commission’s approval
