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Key issues
Brexit
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Brexit
AFME has an ongoing programme of work dedicated to highlighting the impact of Brexit for pan-European capital markets.
Overview
Through our work, we seek to inform regulators and policymakers about the potential impact of Brexit on our members and their clients, with a particular focus on the importance of maintaining market efficiency and financial stability. We also seek to support our members throughout the process.
AFME takes a firmly fact-based approach in our engagement on Brexit, acting as a bridge for conveying market expertise and insight to policymakers and regulators across Europe.
Our work has included:
Highlighting the implications of Brexit for banks and end users of wholesale markets;
Identifying risks and uncertainties arising from a no-deal scenario and Working with our members, policymakers and regulators to address these;
Supporting our members through the process by keeping them updated and providing a forum to consider regulatory issues;
Engaging with EU and UK policymakers and regulators;
Providing input on relevant legislative changes and temporary permission regimes in the UK and EU
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Key Documents
2021
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2021
16 September, 2021
Joint associations letter on UK CCP recognition and equivalence
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25 January, 2021
Next Steps for EU-UK Cooperation in Financial Services
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2020
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2020
6 July, 2020
Priorities for the future EU-UK relationship and remaining challenges for financial services
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14 January, 2020
Equivalence and Enhancing International Cooperation in Financial Services
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2019
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2019
November, 2019
Joint associations letter re CCP recognition and equivalence
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16 July, 2019
Brexit: Remaining no-deal risks in financial services
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8 April, 2019
Brexit – Recognition of EEA derivatives trading venues under EMIR and MiFIR as they apply in the UK after Brexit
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28 February, 2019
Joint Trade Associations Letter on the Equivalence of UK Trading Venues
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2018
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2018
7 December, 2018
Joint letter to VP Dombrovskis – Temporary Equivalence and Recognition in relation to UK CCPs
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November, 2018
Brexit: Recognition of Resolution Actions
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12 October, 2018
AFME letter to VP Dombrovskis – Preparations for a “no deal” Brexit scenario
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July, 2018
Contractual Continuity in OTC Derivatives Challenges with Transfers
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May, 2018
GFMA letter to ECB and Bank of England regarding technical working group on Brexit risks
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April, 2018
Effective flow of personal data post-Brexit
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February, 2018
How might wholesale financial services contracts be impacted by Brexit?
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January, 2018
Brexit: Key cliff edge risks in wholesale financial services
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2017
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2017
September, 2017
Impact of Brexit on cross-border financial services contracts
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October, 2017
House of Lords Evidence
FME Chief Executive, Simon Lewis, gave evidence to the House of Lords EU Financial Affairs Sub-Committee on regulation and supervision of financial services post-Brexit
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September, 2017
The need for early clarity on a Brexit transition
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July, 2017
Bridging to Brexit: Insights from European SMEs, Corporates and Investors
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April, 2017
Implementing Brexit: Practical challenges for wholesale banking in adapting to the new environment
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January, 2017
Planning for Brexit - Operational impacts on wholesale banking and capital markets in Europe
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2016
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2016
March, 2016
The UK Referendum: Challenges for Europe's Capital Markets
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Consultation Responses
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Consultation Responses
11 March, 2021
Response to HM Treasury Call for Evidence on the UK Overseas Framework
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7 December, 2018
FCA CP 18/28 Brexit: proposed changes to the Handbook and Binding Technical Standards – first consultation
This response sets out AFME’s views on the FCA’s proposed changes in the context of the EU Withdrawal Act.
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21 December, 2018
FCA CP 18/36 Brexit: proposed changes to the Handbook and Binding Technical Standards – second consultation
This response sets out AFME’s views on the FCA’s proposed changes in the context of the EU Withdrawal Act.
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Contacts
Arved Kolle
Director, Strategy Lead Germany | ECB Liaison | EU-UK Relations
[email protected]
+49 (0) 69 710 456 662
Press Releases
Publications
Consultation Responses
Press Releases
Publications
Consultation Responses
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Press Releases
AFME publishes paper ‘Priorities for UK Financial Markets’
23 Jul 2024
Press Releases
AFME welcomes first meeting of EU-UK Forum for regulatory cooperation
23 Oct 2023
Press Releases
UK bonds consolidated tape is a major milestone for the UK - AFME responds to FCA consultation
15 Sep 2023
See all publications
Publications
Next Steps for EU-UK Cooperation in Financial Services
26 Jan 2021
Publications
Priorities for the future EU-UK relationship and remaining challenges for financial services
6 Jul 2020
Publications
Brexit: Remaining no-deal risks in financial services
16 Jul 2019
See all consultation responses
Consultation Responses
The Financial Services Future Regulatory Framework Review: Proposals for Reform
9 Feb 2022
Consultation Responses
AFME response to CP2/21-International Banks: The PRA's approach to branch and subsidiary supervision
15 Apr 2021
Consultation Responses
Response to HM Treasury Call for Evidence on the UK Overseas Framework
12 Mar 2021