As the clock strikes 11pm on Friday the 31st of January, the UK will make unprecedented steps and become the first state to leave the European Union three and half years after the infamous referendum in June of 2016.
Whilst one period of negotiations comes to an end, another begins as the UK enters negotiations to determine what our future trading relationship with the bloc will look like. The negotiations are scheduled to take 11 months until 31st December 2020 and currently the UK are adamant they will not seek any extension to the 11 month negotiation period.
In this blog we will outline some of the key implications for the UK financial services sector and how firms can best prepare for Brexit. This blog is accompanied by updated versions of our Brexit ebook and AML regime guide, in which you can find details on the various regulators around Europe approaches to authorisation and supervision.