Brexit News

20 Feb
Brexit News, Chapter News, News

Progress made on Brexit “no-deal” contingency legislation

The College of Commissioners was today briefed by the Secretary-General Martin Selmayr and discussed the progress made on the Commission's contingency proposals for the undesirable but possible situation of a “no deal” Brexit. Michel Barnier, Chief Negotiator for Article 50 negotiations, updated the College on the latest state of play of the ongoing discussions with the UK government. To date, the Commission has tabled 19 legislative proposals, on which good progress has been made in the European Parliament and the...

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19 Feb
Brexit News, Chapter News, News

ESMA supervision to focus on data, Brexit and cybersecurity in 2019

Press Release February 19, 2019 The European Securities and Markets Authority (ESMA) has published today its 2019 Supervision Work Programme, which details the main areas of focus for the upcoming year for ESMA’s supervision of Trade Repositories (TRs), Credit Rating Agencies (CRAs), and the monitoring of third-country market infrastructures such as third-country central clearing counterparties (TC-CCPs) and third-country Central Securities Depositories (TC-CSDs). ESMA currently directly supervises eight TRs and 27 CRAs. It also carries responsibility forfour certified CRAs and 32...

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15 Feb
Brexit News, Member News

The Weekly Vulcan View For February 11th – 15th 2019 Featuring Analysis Of The Latest EU Developments

VULCAN VIEW- KEY EVENTS THIS WEEK: May asks for more time The speculation around Theresa May’s Brexit strategy grew this week when her chief negotiator Olly Robinson was allegedly overheard in a bar in Brussels spilling the beans about her likely intentions. Downing Street tried to downplay the conversation by not commenting on “alleged remarks from a private conversation.” During his reported discussion Robinson said the prime minister will delay a vote until March, forcing MPs to either vote for her deal...

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15 Feb
Brexit News, Chapter News

“NO DEAL”, And Farming…Where Are The Creative Solutions?

By John Bruton, former Irish Prime Minister (Taoiseach) and First EU Ambassador to the United States The beef sector will be worst hit, with a 350kg Irish beef carcass, worth 1295 euros, facing a 780 euro tariff on the UK market, if the UK applies WTO terms. If, instead, the UK adopts a zero tariff approach, Irish beef would face unlimited Brazilian competition. The emergency support measures, that the EU might introduce to deal with a No Deal crisis, would buy time...

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15 Feb
Brexit News, Member News, Trade & TTIP Related

Switzerland and the UK sign trade agreement

The continuation of economic and trade relations between Switzerland and the United Kingdom after the UK’s withdrawal from the European Union (Brexit) is assured. Federal Councillor Guy Parmelin and the British Secretary of State for International Trade, Liam Fox, signed a bilateral trade agreement in Bern on 11 February. The trade agreement signed today by Switzerland and the UK ensures the continuation of the economic and commercial rights and obligations arising from the agreements between Switzerland and the European Union...

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13 Feb
Brexit News, Member News

The rights of UK nationals in the EU-27, Switzerland and European Economic Area countries in the event of a ‘No-Deal Brexit’

The current state of preparations by individual EU-27 and EEA countries to secure the continued rights of British citizens in the event of a no-deal Brexit scenario are in the majority well advanced. However, there is significant variation from country to country, with little consistency in approach between them. Amongst most of the Member States there exists a clear willingness to secure British citizens’ rights post-Brexit within their borders, with no country making an outright declaration against such a move. What is also...

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11 Feb
Brexit News, Chapter News, News, Uncategorized

No Deal and the Union…. Do Brexit Supporters Know Where They are Going?

By John Bruton, February 10,2019  We seem to be sliding inexorably toward a “No Deal” Brexit. Mrs May’s decision to prioritize a deal with the Brexiteers in her own party, over a possible deal with the Opposition, and the time limits imposed on all of us by Article 50, make a No Deal much more likely than it was a week ago. The EU is a rule based organisation, and it cannot afford to break its own rules if it wants to maintain...

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08 Feb
Brexit News, Member News

Luxembourg proposes transition period for UK-based fund managers in case of hard Brexit

The Luxembourg parliament has released a draft bill dated 31 January 2019 in respect of measures to be taken in connection with the financial sector in case of a hard Brexit. As regards AIFMD, the draft bill grants special powers to the Luxembourg supervisory authority for the financial sector (CSSF) with a view to maintain the good functioning or stability of the financial markets or guarantee the protection of investors.Based on the proposed powers, in case of a hard Brexit, the...

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08 Feb
Brexit News, Member News

The Weekly Vulcan View For February 4th – 8th 2019 Featuring Analysis Of The Latest EU Developments

VULCAN VIEW - KEY EVENTS THIS WEEK: Nebulous, hell... Brexit impasse continues  Prime Minister Theresa May and Taoiseach Leo Varadkar engaged in a game of shadow boxing this week with both leaders making separate trips to Belfast and Brussels. In a bid to assure communities in Northern Ireland, May and Varadkar reaffirmed their commitment to maintaining an invisible border on the island. However, during the PM’s two day visit there were no new alternatives put forward to break the impasse. In an...

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08 Feb
Brexit News, Chapter News, News

U.S. Trade Representative Signs Wine and Distilled Spirits Continuity Agreements with the UK

02/04/2019 Washington, D.C. – On January 31, 2019, Ambassador Gregg Doud, USTR Chief Agricultural Negotiator, and Ambassador Kim Darroch, United Kingdom (UK) Ambassador to the United States, signed two agreements covering wine and distilled spirits today to ensure there is no disruption in trade of these products between the United States and the UK when the UK leaves the European Union (EU). Currently the United States has agreements on wine and distilled spirits with the European Union which cover trade...

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