FIN.

AFME publishes Brexit guidance on wholesale FS contracts

The Association for Financial Markets in Europe (AFME), has published a guide on the impact of Brexit on wholesale financial services contracts. The guide takes the form of FAQs and is intended to help clients of banks in understanding how cross-border relationships will be affected by the UK’s decision to leave the EU and, by extension, how banks plan to adapt to this withdrawal. AFME says the FAQs may be of broader interest to market participants, regulators and policymakers. Topics discussed include which clients are impacted, how different contracts are affected, and consequential operational impacts that need to be considered.

FIN. Team