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Investment Week (April 27)

2018/ 04/ 30 by jd in Global News

The European Union’s Packaged Retail and Insurance-based Investment Products (PRIIPS) regulation “is aimed at helping retail investors better understand and compare the key features, risks, rewards and costs of different products through a short Key Information Document (KID).” However, Andrew Bailey, the chief executive of the Financial Conduct Authority (FCA) “has expressed he is ‘concerned’ about the new PRIIPS legislation, highlighting literature requirements ‘are not providing useful context’ while there is evidence it is causing US funds to withdraw from Europe.”

 

The Guardian (March 19)

2018/ 03/ 21 by jd in Global News

“As the disastrous impact of leaving the EU becomes clearer, UK citizens should be allowed another say.” Some forecasts estimate that it will take “at least 20 years before the UK economy stabilises after Brexit.” And the London School of Economics “found that all EU countries will lose income after Brexit. The overall GDP fall in the UK is estimated at between £26bn and £55bn, depending on the negotiated settlement. In the most pessimistic scenario, the cost of Brexit could be as high as £6,400 for each household.”

 

The Guardian (January 10)

2018/ 01/ 11 by jd in Global News

“It has been evident for many months that the government is bluffing, and is developing no substantive contingency plans…. The government pretends that Brexit isn’t happening when the facts do not suit it; refuses to confront the realities staring it in the face; and reacts furiously when the EU declines to imitate its constructive ambiguity, failures of communication and outright delusion.”

 

Business Insider (January 4)

2018/ 01/ 06 by jd in Global News

“Of all the risks facing financial markets in 2018, none is perceived to be greater than a hard Brexit from the European Union. That’s the overwhelming view of HSBC’s client base with a whopping 76% nominating this as the greatest risk facing financial markets this year.”

 

The Economist (September 23)

2017/ 09/ 25 by jd in Global News

“Tensions over China’s industrial might now threaten the architecture of the global economy. America’s trade representative this week called China an ‘unprecedented’ threat that cannot be tamed by existing trade rules. The European Union, worried by a spate of Chinese acquisitions, is drafting stricter rules on foreign investment. And, all the while, China’s strategy for modernising its economy is adding further strain.”

 

Investment Week (September 13)

2017/ 09/ 15 by jd in Global News

“UK asset managers have listed numerous concerns surrounding the UK’s upcoming split from the European Union including staffing, delegation and passporting issues.” In jeopardy stands “the UK’s position as the largest asset management centre in Europe” and some European clients have already said “they had chose to contract with managers in other jurisdictions rather than face uncertainty surrounding contracting with a UK-based entity.”

 

Reuters (August 6)

2017/ 09/ 07 by jd in Global News

“Watching the slow-motion crash of Britain’s exit negotiations with the European Union is a disconcerting experience. A state that once ran a global empire is looking second-rate.” Realism has all but been abandoned. “The government’s implausible expectations about what it may be able to achieve” reveal a “dismaying lack of historical and strategic understanding about how Britain lost its clout outside the European club more than half a century ago.”

 

Bloomberg (August 29)

2017/ 08/ 31 by jd in Global News

“Brexit is beginning to look like a classic case of a mountain giving birth to a mouse” and, except for losing its say in EU affairs, little is likely to change. “The U.K. will simply lose its vote in the EU. The rest will remain as it is now for an indefinite period during which a new trade deal will be discussed in the standard EU fashion — slowly, deliberately, with each of the 27 EU countries working through its own agenda until there’s a consensus.”

 

The Guardian (August 24)

2017/ 08/ 25 by jd in Global News

“Something big is slowly stirring in the undergrowth of British politics. Fact by fact, announcement by announcement, the case for Britain to remain in the European Union’s single market and customs union is growing stronger and more irresistible by the day. Such an outcome is most definitely not this government’s policy. But, this autumn, something will have to give.”

 

Reuters (August 7)

2017/ 08/ 08 by jd in Global News

If EU Budget Commissioner Guenther Oettinger gets his way, “Britain will have to keep making payments for long-term programmes to the European Union until at least 2020, even after it leaves the bloc in 2019.”

 

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