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U.K.-U.S. authorities reach post-Brexit derivatives trading deal

Jaclyn Jaeger | February 26, 2019

The U.S. Commodity Futures Trading Commission and the Bank of England—including the Prudential Regulation Authority and the U.K. Financial Conduct Authority—on Feb. 25  issued a joint statement finalizing a post-Brexit derivatives trading deal.

The joint statement says that, “U.K. and U.S. authorities are taking measures to ensure the U.K.’s withdrawal from the EU, in whatever form it takes, will not create regulatory uncertainty regarding derivatives market activity between the United Kingdom and the United States. These measures will help support financial stability and the sound functioning of financial markets. They also will give confidence to market participants about their ability to trade and manage risk through these markets.”

FCA Chief Executive Andrew Bailey said that the FCA has “worked closely with the CFTC and other U.K. authorities on these measures to ensure continuity and stability for...

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