SEC, FCA Sign Brexit Cooperation Arrangements
Regulators agree to continue cooperation uninterrupted after the UK leaves the EU.
Tag: Brexit
Newsmakers
Parliament Votes Nay on Brexit, and Pound Continues to Drop
Frustrated PM May says lawmakers’ thumbs-down ‘does not solve the problems that we face.’
FCA Issues No-Deal Brexit Tips for Firms
UK regulator says it has prepared for a range of scenarios for when the UK leaves the EU.
Regulation
Moody’s Cautiously Upbeat on Brexit Extension
Ratings agency says allowing more time for EU talks would be ‘credit positive,’ though it isn’t upgrading Britain now.
Newsmakers
Post-Brexit Pensions in Jeopardy
Treasury select committee chair says implications are “potentially serious.”
Research
Post-Brexit UK Sees Stunt in Private Equity Real Estate Deal Flow
Recent months show improvement as industry recovers.
FCA Swings to Loss, Penalties Plunge 79%
UK regulator reports £8.6 million loss, penalties drop to £181 million from £879.5 million.
Newsmakers
Chase’s Dimon Concerned EU can “Dictate” Job Locations in Wake of Brexit
CEO says Brussels may wield too much influence, and also warns Fed may unwind QE too fast.
Sohn Speaker Serra Sees UK Gilts as a Short Play
Davide Serra sees the United Kingdom as the “divided kingdom,” one with a broken growth model, and says shorting the country’s government debt, or gilts, is a good bet....
Newsmakers
UK Voters Go to Polls to Choose Financial Steward
The Labour Party has pledged to maintain the triple lock and vowed not to raise the state pension age beyond 66.
Investors Up on Europe and Alternatives, Down on Regulatory Reform
71% of European investors are optimistic about the future of the alternative asset management industry.
Sohn Conference Speaker Serra Sees UK Gilts as a Short Play
Dependency on imports, stagnant productivity, and growing social imbalance prompt negativity from Algebris Investments founder.
Context Summits: 72% of Investors Looking to Increase Alternatives Exposure
Approximately 68% of investors are looking to reduce their cash holdings by year-end, showing their willingness to take on risk, survey says.