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With all political signals pointing towards an exit from the common market, including clear statements from Philip Hammond and Eurosceptic David Davis’ appointment to the fledgling ‘Brexit Ministry’ what could the implications be for CCPs and Clearing Members? Clearing members may be faced with additional capital requirements as they would now fall under the ‘third-country’ […]
Over the past couple of weeks The Field Effect has been analysing the potential impact of Brexit on the banking industry. The only certainty is uncertainty, which is limiting the ability of firms to effectively plan their reaction. It is, however, highly likely that for political reasons the United Kingdom will leave the European Economic […]