![European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources](https://eaccny.com/wp-content/uploads/2020/06/eaccny-logo.png){kind=logo}
Brexit News
Brexit News
06
Mar
By Kai-Michael Hingst & Karl-Alexander Neumann | Noerr
The latest political developments have not reduced the likelihood of a “hard Brexit” on 29 March 2019. In this article, we sum up the regulatory consequences of a hard Brexit for cross-border banking and financial services and look at the possibility of outsourcing as an option.
No more passporting after a hard Brexit
A hard Brexit would clearly mean that regulated banking and financial services institutions no longer profit from the “European passport” in cross-border legal...
06
Mar
By Emmanuel Macron, President of the French Republic
Citizens of Europe,
If I am taking the liberty of addressing you directly, it is not only in the name of the history and values that unite us. It is because time is of the essence. In a few weeks’ time, the European elections will be decisive for the future of our continent.
Never, since the Second World War, has Europe been as essential. Yet never has Europe been in so much danger.
Brexit stands as...
05
Mar
The European Insurance and Occupational Pensions Authority (EIOPA) and all National Competent Authorities (NCAs) of the European Economic Area (EEA) with competencies in insurance have agreed Memoranda of Understanding (MoUs) with the Bank of England in its capacity as the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) of the United Kingdom (UK).
The MoUs take effect should the UK leave the European Union (EU) without a withdrawal agreement, the so-called "No-deal" Brexit scenario.
The following MoUs were agreed:
A...
04
Mar
By Ronald A Oleynik | Jonathan M Epstein | Antonia I Tzinova | Daniel L Burkard | Hwajeong Kim
HIGHLIGHTS:
The U.S. Trade Representative (USTR), pursuant to Section 131 of the Trade Act of 1974, has requested the U.S. International Trade Commission (Commission) to obtain public comment pertaining to the possibility of a duty-free trade agreement with the United Kingdom covering a range of agricultural products.
As a result of the U.S. federal government shutdown that lasted from Dec. 22, 2018, until...
01
Mar
Key Events This Week:
Brexit – May delays meaningful vote and Corbyn backs second referendum amendment
Prime Minister Theresa May announced a significant shift in her Brexit trajectory, committing to three days of indicative votes which will steer the course of her government’s policy approach. The PM had to delay her meaningful vote to March 12th because no legal concessions on the backstop have been achieved. Should her deal be defeated again, MPs will be asked to vote on endorsing a...
27
Feb
Produced by the Cabinet Office, HM Government
26 February 2019
Summary
The Government’s primary aim is to ensure that the UK leaves the EU on 29 March with a negotiated deal which will honour the result of the referendum. However, as a responsible government, it continues to plan for all eventualities, including one in which the UK leaves the EU without a deal. Guidance for businesses and citizens on how to prepare for a no deal scenario can be found on the Government’s Exit guidance website, www.gov.uk/EUExit.
Over...
27
Feb
By PHILIPPE DUPONT, GLENN MEYER, MARC MOUTON, CLAUDE NIEDNER, FLORENCE STAINIER and PIERRE-MICHAËL
DE WAERSEGGER
On 31 January 2019, the bill of law n°7401 (the “Bill”) was issued on measures to be taken in relation to the financial sector in case of the withdrawal of the United Kingdom (“UK”) and North Ireland from the European Union (“EU”) (“Brexit”).
Said Bill relates to the scenario where, on 29 March 2019, no withdrawal agreement has been entered into between the UK and the EU (“No-deal...
26
Feb
Jeremy Corbyn, leader of Britain’s opposition Labour Party, announced today that he was prepared to back a second referendum on Brexit. A People’s Vote would give Britons a chance to state their views with far greater knowledge than they had at the time of the 2016 referendum, but the question of what should be on the ballot would itself be highly divisive. Agreeing on the form a referendum should take would do nothing to calm Brexit tensions.
Compliments of The...
Other Chapter News
