Brexit No Deal Could be Big Deal for Swaps

October 18, 2018 Chatham Financial



Eric Juzenas, director of global compliance and regulation at Chatham Financial, explains the potential effects on both the US and the UK on the impact of a no-deal Brexit. The clear message that EU regulators have been providing is that if you want to provide investment services for derivatives in the EU as a regular business, you need to have an EU passport or meet the third-country requirements of each EU country you want to operate in. Countries tend to be more lenient regarding institutional business and services that don’t require holding customer funds, he added, but it would nevertheless require reviewing each country’s rules, which would be a very involved process.

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