There is no safe haven yet for financial services in terms of Brexit, but the ESMA’s agreement with the UK Financial Conduct Authority gives some clarity, according to one panellist at this year’s Fund Marketing & Distribution Europe Conference
The European Securities Markets Authority has agreed a deal with the Bank of England for the recognition of CCPs and of the CSD established in the UK, should there be a no-deal Brexit scenario
Trade repositories reported a total of 74 million open transactions at the end of 2017, amounting to a gross notional outstanding of around €660 trillion, according to ESMA’s first annual statistic report on the EU’s derivatives markets