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24 July 2018

ブルームバーグ:英政府、合意なき離脱に備えた欧州金融機関のための暫定承認制度案を公表


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The government released a draft proposal that would give firms from the European Economic Area -- the EU plus Iceland, Liechtenstein and Norway -- as well as non-UK central counterparties the temporary recognition they’d require to continue operations.


While the Bank of England has said that such firms can plan on the assumption that there will be a transition period to arrange authorizations, this instrument would provide protection in the event of a hard Brexit.

Britain’s banks and regulators have warned that trillions of dollars of contracts are at risk if the U.K. crashes out of the EU in March without a deal, leaving firms without the authorizations they need to service them. The temporary permissions outlined by the U.K. aim to “provide confidence that a back-stop will be available,” the BOE said in an emailed statement.

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