Regulator warns of risk of potential glitches when MiFID II launches.
Regulator warns of risk of potential glitches when MiFID II launches.
A level of mutual access for EU and UK firms is required.
UK wants a ‘time-limited implementation period’ after leaving the EU.
London and New York remain first and second in Global Financial Centres Index.
AFME said more time is required to minimise disruption.
Nearly all asset managers expect business to shift from London.
The new office will serve as the electronic trading hub for EU-based clients.
Banks may need to find up to $50bn of extra capital for new European entities.
The delegation model may become an endangered species.
