The Financial Regulatory Observer regularly sets spotlights on selected topics driving the regulatory and technological changes in the financial industry.
Brexit preparedness for financial services: The German response
It is yet unclear if and when the House of Commons will again decide about the Withdrawal Agreement and whether the date for the UK leaving the EU will be changed. Under the current circumstances, a hard Brexit on 29 March 2019 still remains an option. To prepare for this possibility, the UK, EU Commission and EU27 have taken measures to minimize disruption in various areas. Partners Henning Berger and Charles Balmain of global law firm White & Case discuss how the German Government is planning to uphold certain aspects of the current passporting regime for UK financial service providers after Brexit.