FCA prepares for hard Brexit
Regulator says passporting issue needs to be solved.
The Financial Conduct Authority (FCA) is making preparations for a “no-deal” or hard Brexit in March 2019.
According to the regulator it is working together with the Bank of England and the government to develop a number of safeguards and contingencies in the event of hard Brexit.
In a speech to Bloomberg/TheCityUK, FCA’s director of international Nausicaa Delfas, said: “Let us just consider some examples of the challenges we face in doing this – there are ‘cliff edge’ risks that would be
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