Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma...
by detaro on Wednesday January 18, 2017 @11:59AM
(#13427894)
> changing the MiFiD II rules that aren't even implemented yet
Do you have a link to details? My understanding was that the passporting rule just makes licenses for banking valid in the entire EU (instead of only the host country) and that there are provisions to include countries with rules similar rules to MiFiD outside the EU, and the UK is currently still working implementing MiFiD to make this easy (also they will possibly still be a member state when the rules trigger)
(I admittedly don't really follow Brexit-news, since to me it seems 95% of it is utter speculation. If banks really thought there was unavoidable trouble coming, they'd be moving and not just talking?)
Do you have a link to details? My understanding was that the passporting rule just makes licenses for banking valid in the entire EU (instead of only the host country) and that there are provisions to include countries with rules similar rules to MiFiD outside the EU, and the UK is currently still working implementing MiFiD to make this easy (also they will possibly still be a member state when the rules trigger)
(I admittedly don't really follow Brexit-news, since to me it seems 95% of it is utter speculation. If banks really thought there was unavoidable trouble coming, they'd be moving and not just talking?)