Description
Oxford Brexit and Financial Regulation 2020 Edition by Jonathan Herbst, Simon Lovegrove
Brexit will have a significant impact on the UK financial services system. At the time of writing this book it is still unclear whether the UK will leave the EU with a deal. Given the uncertainty, this book provides high-level guidance on the complexity of Brexit as it applies to financial institutions through the eyes of leading lawyers. It considers from a financial services perspective, the draft withdrawal agreement and political declaration on the future EU /_x000D_UK relationship that was approved at the negotiators level on both sides in November 2018 and further amended in October 2019. In a no deal scenario the focus of the book is on the key themes providing readers with a holistic view of the regulatory issues._x000D__x000D_In particular, the book addresses communications from the EU institutions on the approach to be taken regarding the authorisation of banks and investment firms in the EU27. Of particular importance is consideration of the opinions issued in 2017 by the European Banking Authority and the European Securities and Markets Authority. The analysis also includes a review of the approach taken by the key EU jurisdictions of Germany, France, the Netherlands and Ireland. Furthermore the book includes_x000D_coverage of key pieces of EU legislation including the European Markets Infrastructure Regulation, the revised Markets in Financial Instruments Directive, the Capital Requirements Directive IV and the Bank Recovery and Resolution Directive._x000D__x000D_The work also provides a useful outline of the UK transitional regime and onshoring of EU legislation in a no deal scenario. The overseas persons exclusion contained in the FSMA Regulated Activities Order is also discussed as is the senior managers regime._x000D__x000D_The book also considers the EU equivalence regime, the different pieces of EU legislation that contain equivalence provisions, and the process for determining equivalence. Furthermore, it examines the role of international regulatory bodies and international standards. The development of international regulation and the UKs influence on it will be important components in the post-Brexit landscape. Breaking Brexit issues into accessible, structured chapters, leading practitioners from across the_x000D_City of London unpack legal complexities, sharing a wealth of experience._x000D_ Table of Contents :- _x000D_
: Introduction,Jonathan Herbst, Simon Lovegrove_x000D_
2: Withdrawal agreement and political declaration on the future EU / UK relationship, Simon Lovegrove_x000D_
3: International standards,Michael Raffan_x000D_
4: EU equivalence regime,Arun Srivastava, Nina Moffatt_x000D_
5: The EU approach to authorisation,Daniel Carall-Green_x000D_
6: The EU approach to authorisation Germany, France, the Netherlands, and Ireland,Michael Born, Roberto Cristofolini, Floortje Nagelkerke, Donnacha O'Connor_x000D_
7: The UK supervisory regime in the post-Brexit environment,Michael Thomas, James Roslington_x000D_
8: PRA approach to the authorisation of international branches and subsidiaries,Clive Cunningham, Katherine Dillon, Alison Matthews_x000D_
9: The impact of the UK senior managers' regime,Charlotte Henry_x000D_
10: Markets in Financial Instrument Directive II (MiFID II) / Markets in Financial Instruments Regulation (MiFIR),Nico Leslie, Aaron Taylor_x000D_
11: Credit Requirements Directive (CRD IV) / Capital Requirements Regulation (CRR),Stuart Willey_x000D_
12: Bank Recovery and Resolution Directive (BRRD),Jan Putnis, Chris Hurn_x000D_
13: European Markets Infrastructure Regulation (EMIR) and Euroclearing,IBob Penn_x000D_
14: Benchmarks Regulation,Michael Thomas, Anahita Patwardhan_x000D_
15: Alternative Investment Fund Managers Directive (AIFMD),Jake Green_x000D_
16: Solvency II Directive (Solvency II),Bob Haken, Isabella Jones_x000D_