UK:
Brexit: Let's Wait And See
11 May 2016
DMS Governance Ltd
To print this article, all you need is to be registered or login on Mondaq.com.
Derek Delaney, Managing Director of DMS Offshore Investment
Services (Europe) Ltd. recently joined the debate about whether the
United Kingdom will remain in the European Union as the UK prepares
to vote on "Brexit" on June 23.
In an interview published in Finance Monthly (May 2016 issue), Mr. Delaney
offers fresh perspectives on what it would mean for the European
fund industry, and Irish funds in particular,
He notes that among business leaders in legal firms,
administration companies, audit firms, etc., the view is that while
Brexit would be an industry disruption, it would also create
business opportunity.
"Among investment managers, we are seeing a split view.
Managers see the disruption as an unwanted distraction. However,
they generally see most challenges as deriving from EU regulation
and hence feel that ultimately it may be best for them. In short,
there is no panic, but a real wait-and-see approach," he
states.
Read the full article
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...
CRD VI And Its Impact On Lending Into Europe
Cadwalader, Wickersham & Taft LLP
December 2023 saw the publication by the EU of the near-final version of its ‘Banking Package' that makes significant changes to the Capital Requirements Directive known as ‘CRD VI'.
Financial Promotion Exemptions – UK Government U-Turn
Shepherd and Wedderburn LLP
In response to criticism, the UK Government announced in the 2024 Spring Budget that recent changes to the financial promotion exemptions eligibility criteria would be partially reversed from 27 March 2024.