Barclays using FSMA Part VII for Brexit
- Posted by Mark Daley
- On 2 November 18
- Brexit, EMIR, FSMA, High Court, Judgement
Wednesday’s report that Barclays is to use a Part VII FSMA transfer to shift its deposit taking, derivatives (ISDA, GMRA, etc) and corporate and investment banking business with EU27 parties to Barclays Bank Ireland will not be a workable precedent for many, because FSMA section 106(1)(a) requires part of the business being transferred to include […]