Read time: 20 seconds On 7 April, the Bank of England gave financial firms a hard deadline of 14 July for submitting their contingency plans for Brexit, which passed last Friday. These plans were required to contemplate a variety of scenarios including the prospect of a “hard Brexit”, which as the UK and EU governments … Continue Reading
Read time: 1 minute 20 seconds Earlier this month the Bank of England’s Prudential Regulation Authority (the ‘PRA’) wrote to all UK companies undertaking cross-border activities between the UK and the EU under passporting arrangements, requesting a summary of their Brexit contingency plans. The letter continues the regulator’s focus on ensuring firms have robust measures … Continue Reading
