Weekly highlights—1 September 2016

Weekly highlights—1 September 2016

Welcome to the weekly Financial Services highlights from the Lexis®PSL Financial Services team for the week ending 1 September 2016.

Brexit

The potential impact of Brexit across policy areas

On 26 August 2016, the House of Commons Library published a report, which assesses the potential impact of Brexit across a range of policy areas—including environment, trade, employment and immigration. Among other things, the report highlights that the consequences of Brexit to policy depend on a number of factors such as the Brexit negotiations, whether the UK stays in the European Economic Area and how the government fills any policy gaps left by withdrawal from the EU.

Regulatory architecture

CBI hosts first financial services summit

On 25 August 2016, the Confederation of British Industry (CBI) issued a press release stating that CBI Scotland will host its inaugural financial services summit in Glasgow on 1 September 2016 for senior figures from business and government to discuss this sector of the Scottish economy.

ECB analyses effectiveness of non-standard monetary policy

On 30 August 2016, the European Central Bank (ECB) published a working paper containing an analysis of professional forecasters’ perceptions of the effects of the monetary policy measures announced by the US Federal Reserve after the collapse of Lehman Brothers. The paper further examines how agents updated their expectations for the yields of Treasury and corporate securities embedding different degrees of credit risk in response to announcements of non-standard measures.

FSB releases progress report to G20

On 26 August 2016, the Financial Stability Board (FSB) issued a press release stating that it had published a progress report for the G20 on the FSB’s plan to assess and address the decline in correspondent banking. The progress report will be submitted to

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About the author:
Prior to joining LexisNexis in 2016 as a paralegal, Lauren was an adjudicator at the Financial Ombudsman Service. There she resolved consumers’ complaints, and gained knowledge about a wide variety of financial products. Before this she studied Law at Nottingham Trent University.