1. Brexit (29 March 2019): Where are we now?
Can you hear the Brexit clock a-ticking? Two years on from the Referendum and I assumed a transition agreement would be signed and that the future landscape and direction for asset managers would be firmly in place. I was wrong. Unless there is a signed Brexit transition agreement or magical Brexit unicorn dividend, the UK on 29 March 2019 will be crashing out of the EU – embarking on a fantastic voyage of discovery, unfettered by pesky EU red tape, where greatness awaits. The reality, of course, for financial services is that the FCA has confirmed that leaving the EU will not mean the UK stops following EU rules, but will continue to be a rule taker from the EU. However, let’s not use facts or reality, as these concepts have rarely touched the Brexit debate.
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