12 Mar 2019

AFME responds to UK Parliament rejection of the Withdrawal Agreement

Following today’s ‘meaningful vote’ on the Withdrawal Agreement in the UK Parliament, Simon Lewis, Chief Executive of AFME, said:

“There are now just 17 days remaining until the UK is due to leave the EU and the lack of agreement today means a no-deal scenario continues to be a very real concern.”

“Our members will continue to implement their contingency plans in order to minimise disruption in a no-deal Brexit scenario. It is essential that UK, EU and Member States and regulators provide clarity on mitigating remaining no deal risks such as continued servicing of uncleared derivatives, data transfers, and the implications of the trading obligations for shares and derivatives.”