Financial markets resent political uncertainty. In today’s turbulent political landscape, the associated risks represent some of the most important considerations for international investors. The enduring Brexit blockade has plagued the City of London and foreign financial services markets with uncertainty. It is a perfect example of extensive political flux and instability having profound impacts upon…

BREXIT

The next European Parliament will shrink from 751 to 705 MEPs, the European Council formally decided yesterday. The decision, which reduces and redistributes European Parliament seats, following the withdrawal of the United Kingdom (UK) from the European Union (EU), came after the European Parliament’s endorsement of the proposed recomposition of seats earlier this month. Of…

EU Member States’ experts on financial services policy will get back to the negotiating table in September to start substantive talks on the European Commission (EC) proposal to amend the European Market Infrastructure Regulation (EMIR). This seeks to enhance the EU’s supervision of euro-denominated derivatives’ clearing in light of Brexit, potentially by bringing the bulk…