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The big Brexit thread - news, updates and discussion

future of ful passporting is fickle and subject to the whims of the regulatory players. anything can be traded anywhere but the guts of the transactional process is now in centrally cleared for risk management. the UK has the biggest clearing structures outside the US, 90% of the Eur denominated swap hedges are pushed across to london. the euro bourses and houses have been unable to dent this traditional process despite banging billions into the game. The participants can easily move to a secure EU jurisdiction clearer- it doesnt matter who, as the regimented processes are the same. at present, big euro players use london cos everybody always has done. where it becomes a pain in the arse to work through london, they will switch- and it is literally a switch of yer transaction routing to do this. this is a huge concern for the BoE ( a registered EUR clearer and depositary btw) and is currently all hands on deck to see how it can be averted. a few tempters from europe and cheaper processing costs could swing it very quickly. zzzzzzzzzzz i know
very elegantly put...the advocate for "light touch" regulation and freedom was the UK. I suspect a lot of financial services, particularly regulated services, with be on the move from London and Zurich (because, of course, they have lost their lobbyist, the UK) too Luxembourg and the like.

Effective control of financial transactions will be the battlefield meaning brass plates in European capitals won't be sufficient for regulators.
 
im out of this actually. i dont care tbh
Me too...that's why I moved to Brazil. I delivered services in the EU with a hard hat and safety boots in my bag...that meets most customs officer's definition or "work" rather than "business" and may well need a visa from now on. The days of jumping on a plane to a shipyard in Germany then scheduling an unexpected trip to Gdansk on the way home may well be over. We're recruiting in Hamburg and Paris now, rather than London.
 
This is encouraging - God knows what made it into the rest of the document that nobody has had time to read properly...

but this was the whole point; to go back to happier times. I would have thought Farage would have preferred to ban computers entirely.

Editor and I still reminisce about our Palm Trios...maybe someone could write in something about free roaming for Palm devices!
 



I do admire this guys optimism that brexit at any point would have led to the world demanding vast swathes of British eels.


What struck me about this was his reasoning for voting leave, summarised here as being about his own profit/access to larger markets. Not a word about what others were going to lose...his 1-2 mil turnover wasn't enough? Fuck him and anyone else who sided with UKIP.
 
jebus what the debate on the news this morning is just showing what a piece of crap parliament we have in this country
 



I do admire this guys optimism that brexit at any point would have led to the world demanding vast swathes of British eels.


In the UKIP video he was saying that being in EU stopped him from selling eels in other parts of the world. Im not sure if that was the case. Fits in wiith with what he was saying here. He thought that being out of EU would lead to being able to sell eels worldwide. Was EU really stopping him selling Eels outside EU?
 
In the UKIP video he was saying that being in EU stopped him from selling eels in other parts of the world. Im not sure if that was the case. Fits in wiith with what he was saying here. He thought that being out of EU would lead to being able to sell eels worldwide. Was EU really stopping him selling Eels outside EU?
Not saying he isn’t a fucking idiot but I think the idea is that being in the EU prevented us from forming our own trade deals with other countries.
 
jebus what the debate on the news this morning is just showing what a piece of crap parliament we have in this country
This is the day any pretensions to the UK making its own laws with parliament being sovereign die

Today marks the demise of any claim to parliamentary democracy in the UK as the government and their useful idiots in the labour party force through the agreement effectively unread and so unscrutinised
 
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