Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017

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Opinion: Letterbox Brexit

  • Laura Board 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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