UK’s FCA unveils ‘near-final’ plan to cope with hard Brexit

EBA calls for further action on deposit insurance as FCA aims to ensure regulations will still function

Financial Conduct Authority

The UK’s Financial Conduct Authority published a series of papers setting out its plans for a hard Brexit on February 28, as the risk grows that the UK could crash out of the European Union with no deal.

The documents, which the FCA describes as “near-final”, set out the basis for a temporary regime to allow European financial firms to continue operating in the UK after Brexit, as well as regulatory regimes for credit rating agencies, trade repositories and securitisation repositories.

They

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