Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018
Opinion: Letterbox Brexit
- 1 June 2017
The European Securities and Markets Authority (Esma)'s missive on Wednesday to national EU regulators handling licence applications from Brexit migrants evoked the image of a harassed mother entreating squabbling children to please share.
In issuing its guidelines Esma aimed to restrict the scope for regulatory rule-bending for UK firms planning to establish EU subsidiaries. It also wanted to reassure the sulky regulatory offspring that can be heard crying: "Not fair".
Of course, the official line across the EU was always...
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