The second: “It’s difficult for the Commission to know what’s going to be a massive problem until Brexit comes and it is a massive problem.” UK entities doing derivatives deals with EU27 counterparties could, in theory, have eliminated the headache by switching to contracts cleared by EU27 CCPs, or by setting up entities within the EU27. If the UK does not implement the EMIR margin rules, or if the UK does not obtain an equivalence decision from the Commission, it is possible that UK-based firms entering derivatives contracts with their EEA counterparts will have to ensure that margining of those contracts complies with two sets of regulations – those made under EMIR, and those applicable in the UK.

25 Feb 2019 on continuity of derivatives trading and clearing post-Brexit for UK firms to apply CFTC margin rules for contracts with US counterparties  28 Jan 2019 impact of Brexit on the derivatives industry. commodities contracts accustomed to utilizing ICE Futures Europe or the London Metal. 8 Oct 2018 Novating UK derivatives contracts entered into by EU clearinghouse members is a ginormous mess, particularly in a Brexit crashout. But how  Three-quarters of total outstanding notional of these trades happens in contracts between a group of 16 dealers and/or other banks (ESRB, 2016, p.16). Due to the 

Isda, the trade association that writes the templates for derivatives contracts, expects legal obligations on existing contracts to continue after Brexit. The BoE is referring to activity

26 Feb 2019 Swiss Derivatives Regulator FINMA Recognises UK Derivative Regulations Ahead of Brexit. In a move aimed at safeguarding regulatory  Share Derivatives Contracts Will Not Be Void Post-Brexiton Twitter. May trigger a new window or tab to open. Share Derivatives Contracts Will Not Be Void Post-Brexiton LinkedIn. May trigger a new window or tab to open. Share Derivatives Contracts Will Not Be Void Post-Brexitvia email. May trigger a new window or your email client to open. Brexit’s Impact on Derivative Contracts On the heels of a historic and heated election, The UK announced it will be formally leaving the European Union as of January 31, 2020. Despite the landslide victory led by British Prime Minster Boris Johnson’s Conservative Party, there are still many obstacles to overcome before a withdrawal from the EU is finalized. London is at the centre of the derivatives market, along with New York. The US has lent its backing to Britain to protect the City from losing trillions of pounds of complex financial derivatives business after Brexit, warding off a potential banking industry land grab by the EU.

20 Sep 2019 no-deal Brexit, the EU's derivatives trading obligation (DTO) rule states EU market users could not use platforms in London to trade contracts 

1 Aug 2018 The UK's central bank believes that trillions of uncleared over-the-counter (OTC) derivative contracts could be disrupted if there's a hard Brexit. 7 Mar 2019 Joint statement by UK and US authorities on continuity of derivatives trading and clearing post-Brexit. In a welcome move, on 25 February 2019  26 Feb 2019 Swiss Derivatives Regulator FINMA Recognises UK Derivative Regulations Ahead of Brexit. In a move aimed at safeguarding regulatory 

Reporting –Report transactions in financial instruments (including derivative contracts) to the FCA or an approved reporting mechanism for the purposes of, and in compliance with, UK on-shored MiFID II.

17 Nov 2019 EU set to offer derivatives industry extra year to prepare for Brexit Brussels is expected to grant the derivatives trading industry an extra year to of contracts and that transferring positions in derivatives portfolios takes time. 17 Jul 2019 Contractual points under ISDA Documentation. Could Brexit constitute an Illegality Termination Event, a Force Majeure Termination Event or an  the notional amount of outstanding cleared OTC derivative contracts that could be affected is around. £69 trillion (around £41 trillion of which matures after March  25 Sep 2019 Brexit's $74 Trillion Battle Over Derivatives Is Heating Up. By At risk are derivatives contracts with a notional value of as much as 60 trillion  14 Jun 2019 within a 12-months time-window (as of Brexit occurring) but contract continuity issues for uncleared derivative contracts (especially as regards  25 Feb 2019 step needed to ensure that trillions of dollars in derivatives contracts traded across the Atlantic will not be disrupted by any type of Brexit. 20 Sep 2019 no-deal Brexit, the EU's derivatives trading obligation (DTO) rule states EU market users could not use platforms in London to trade contracts 

Isda, the trade association that writes the templates for derivatives contracts, expects legal obligations on existing contracts to continue after Brexit. The BoE is referring to activity involving derivatives that is outside of the legal contractual obligations.

Brexit's unlikely headline-grabber: contracts EU and an estimated £26 trillion of uncleared OTC derivatives contracts exposure, the stakes could not be higher. 20 Jun 2018 This will, for example, impact general insurance, long-term life insurance, pension schemes, medium and long-dated derivatives contracts,  21 Jun 2018 6 The clearing requirement means that counterparties for such OTC derivatives contracts must clear the contract with a central counterparty  1 Aug 2018 The UK's central bank believes that trillions of uncleared over-the-counter (OTC) derivative contracts could be disrupted if there's a hard Brexit. 7 Mar 2019 Joint statement by UK and US authorities on continuity of derivatives trading and clearing post-Brexit. In a welcome move, on 25 February 2019 

25 Feb 2019 on continuity of derivatives trading and clearing post-Brexit for UK firms to apply CFTC margin rules for contracts with US counterparties  28 Jan 2019 impact of Brexit on the derivatives industry. commodities contracts accustomed to utilizing ICE Futures Europe or the London Metal. 8 Oct 2018 Novating UK derivatives contracts entered into by EU clearinghouse members is a ginormous mess, particularly in a Brexit crashout. But how  Three-quarters of total outstanding notional of these trades happens in contracts between a group of 16 dealers and/or other banks (ESRB, 2016, p.16). Due to the  The resulting legal uncertainty surrounding these contracts, which include lending agreements, insurance policies and derivative contracts could impede funding,.