Session details

IBA Annual Conference Sydney 2017

8 Oct - 13 Oct 2017

Room C4.5, Convention Centre, Level 4

Session information

Brexit: consequences on financial markets

Monday 9 October (0930 - 1230)

Room C4.5, Convention Centre, Level 4

Committee(s)

Financial Services Section (Lead)
Asset Management and Investment Funds Committee
Banking Law Committee
Capital Markets Forum
Insurance Committee
Securities Law Committee

Description

In June 2016, the people of the United Kingdom voted in a referendum to exit the European Union. It is not clear what form the exit will take, whether there will be what is known as a hard Brexit or what is known as a soft Brexit. Either way, it is not clear what will happen to the financial services industry. Will London-based financial institutions need to move to another European jurisdiction to continue to serve EU customers? Will the EU passporting regime continue to apply? Will the EU recognise the equivalence of UK financial regulation? Will euro clearing be moved to the eurozone? Which financial centres will gain the most from Brexit? Dublin and Frankfurt or New York and Singapore? This panel will examine these questions and others that continue to come every day.

Session / Workshop Chair(s)

Peter Castellon	Proskauer Rose, London, England; Co-Chair, Capital Markets Forum

Speakers

Cathie Armour	Australian Securities and Investments Commission, Sydney, New South Wales, Australia
Michael Duignan	Securities and Futures Commission, Hong Kong, Hong Kong, Hong Kong SAR
Stephen Revell	-, Singapore, Singapore; Member, Law Firm Management Committee Advisory Board
Aldo Turella	Gianni Origoni, Rome, Italy
Paul White	A&L Goodbody LLP, Dublin, Ireland
Paul Yuen	Monetary Authority of Singapore, Singapore, Singapore
Petra Zijp	NautaDutilh, Amsterdam, Netherlands