Despite August being the height of the holiday season, central bankers at the ECB have found the time to issue a newsletter calling on banks supervised under the Single Supervisory Mechanism to step up their Brexit preparations.
Weighing an uncertain outcome, Luxembourg adopts two bills ensuring the financial stability of the financial sector.
Baker McKenzie experts outline what financial services business should expect and how to mitigate the effects of a no-deal Brexit scenario.
Planned measures, and likely outcomes for the banking, insurance, and financial services sectors in the absence of trade agreements.
Andrew Bailey said in a key speech last year: “The FCA is an exciting place to be, the challenges come thick and fast”. The same can certainly be said of the FS sector in 2018.
Brexit plans run the risk that PSD2 will be implemented in UK law without the RTS on Strong Customer Authentication.