Sean Donovan-Smith, London Partner and Co-Chair of the Firm’s Investment Adviser and Alternative Funds Section, authored an article addressing financial services regulation in the context of the UK’s exit from the EU. Donovan-Smith suggests that “the UK should seek to create a balanced outcomes-based approach that supports the sector, achieves public policy objectives and makes clear that the country is the preeminent jurisdiction for financial services companies.”
Donovan-Smith also examines the dangers of swift changes to financial regulation and warns that “the temptation to implement post-Brexit revisions to Mifid II could crash equivalence on to the rocks.”
To read the full article, click here.