ARTICLE
17 February 2021

The EU-UK Brexit Deal And Financial Services – Where Do Things Stand Now?

M
Matheson

Contributor

Established in 1825 in Dublin, Ireland and with offices in Cork, London, New York, Palo Alto and San Francisco, more than 700 people work across Matheson’s six offices, including 96 partners and tax principals and over 470 legal and tax professionals. Matheson services the legal needs of internationally focused companies and financial institutions doing business in and from Ireland. Our clients include over half of the world’s 50 largest banks, 6 of the world’s 10 largest asset managers, 7 of the top 10 global technology brands and we have advised the majority of the Fortune 100.
After years in the making, Brexit has completed and the United Kingdom ended the transition period with a deal as at 23.00 on 31 December 2020.
European Union Finance and Banking
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After years in the making, Brexit has completed and the United Kingdom ended the transition period with a deal as at 23.00 on 31 December 2020. As was widely predicted, the Brexit Deal was reached at the last minute with joint announcements from both leaders made on the afternoon of Christmas Eve.  Given that financial services was not on the negotiating mandate, it was no surprise that it was not covered in any great detail in the Brexit Deal.  

Brexit and Financial Services - Where Do Things Stand PDF | 0.48 MB                              

 

In this insight, Matheson's Financial Institutions Group considers the limited treatment of financial services in the Brexit Deal and what that means for financial services firms now and into the future.     

Originally published 13/01/2021.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.



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