Britain’s vote to exit the EU has no immediate effect on the legal certainty of derivatives contracts, but counterparties must consider potential issues during the two-year notice period, according to ISDA.
“In light of the vote, ISDA is working with members to ensure the derivatives market is able to continue functioning safely and efficiently,“
Financial markets will be disrupted in January unless the European Union allows the bloc’s investors to use derivatives trading platforms in London, a group of seven financial industry bodies have said. Britain has left the Read more…
ESMA have published their final report in OTC report on the matter of Bilateral Margin and Novations from UK to EU counterparties post the UK’s withdrawal from the EU. This Final Report is an amendment Read more…
Traders are ramping up warnings of disruption in financial markets from January without clear decisions on how the UK and EU will co-operate after the Brexit transition period ends. Some derivatives trading may need to Read more…