A substantial volume of financial instruments denominated in the currencies of Members States are currently cleared by central counterparties (“CCPs”), established in, and regulated by, Third Country CCPs on the […]
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Winter Colloquium – 18 January 2018
The FMLC held a Winter Colloquium on the topic of the continuity of financial contracts post-Brexit at the Bank of England. Four speakers articulated a range of views of the topic. […]
Coordinating Responses across the City to Brexit Statutory Instruments
HM Treasury has announced it will publish a significant volume of secondary legislation under the European Union (Withdrawal) Act 2018 in relation to the financial services. As the end of […]
Report: The Robustness of Financial Contracts after Brexit: 6 August 2018
Since the U.K. voted to withdraw from the E.U., a question which has been raised by many market participants and observers, in the context of a hard Brexit, is whether […]
Letter to Directorate-General for Justice: Legacy E.U. Level 2 legislation : 31 July 2018
The FMLC has sent a letter to the European Commission, drawing attention to the question of the status of Level 2 E.U. legislation in the event the relevant Level 1 […]
Letter to Ministry of Justice: Legacy E.U. Level 2 legislation and “retained” law: 31 July 2018
The FMLC has sent a letter to the Ministry of Justice, drawing attention to the question of the status of Level 2 E.U. legislation in the event the relevant Level […]
Letter: Legal Uncertainties in the Proposal to Amend Moratorium Powers in the BRRD; 31 July 2018
On 13 April 2018, the FMLC published a paper entitled Bank Recovery and Resolution Directive: Legal Uncertainties in the Proposal to Amend Moratorium Powers (the “FMLC Paper”). Stakeholders subsequently contacted […]
Letter to European Commission: Proposed Regulation on the Law applicable to the “Third-party Effects” of the Assignment of Claims: 31 July 2018
The FMLC has sent a letter to the European Commission in relation to a new conflicts of laws proposal. On 12 March 2018, the European Commission published a proposed regulation […]
Insurance Scoping Forum meeting: 22 May 2018
A meeting of the Insurance Scoping Forum was held on 22 May 2018. The meeting was chaired and hosted by Chris Newby of AIG. Forum members discussed the impact of […]
Stakeholders’ Newsletter Issue 43: 30 July 2018
The FMLC Stakeholder’s Newsletter Issue 43, containing news of upcoming publications and announcing the publication of a paper and letter on the provision of insurance business after Brexit. Available as: […]