Brexit: So what happens with MiFID II?

MiFID II: Brexit, Pain Points and Other Hurdles

From Finextra -

"The UK’s Brexit vote to leave the European Union sent a shock through financial markets, but will it throw Britain’s compliance with MiFID II into a tailspin? From a legal standpoint, Britain is still under the jurisdiction of existing European laws for at least the next two years. Prior to the vote, pundits said that buy- and sell-side firms would be subject to MIFID II’s rules since the implementation date is January 2018."

So what happens now?

Read Ivy Schmerken's Blog Post HERE>>

Brexit: Possible Impacts on the UK Payments Market

Read what Chris Jones of PSE Consulting has to say about the potential impact of Brexit on UK consumer payments. In this Finextra blog post he provides some early thoughts on how the UK market may be affected, beginning with recent European regulation which will have to be untangled.

Read More Here>>

Banks begin moving some operations out of Britain

From FT.com -

"Banks have already begun to take action to shift operations out of the UK, with the governor of France’s central bank warning on Saturday that Britain’s financial services were at risk of losing their right to operate across the EU."

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Are London banking job cuts in the pipeline?

Consultants working for leading strategy firms in London say that following the Brexit vote, banks have activated their contingency plans and that the London job cuts are about to come thick and fast.

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