Current Affairs EU In or Out

[Harryflashman]

My guess is all of that 130 didn’t vote for her

 

[edge]

An issue with this is that other countries want a piece of that, so you're negotiating position would be quite difficult. E.g; the Netherlands recently lured a branch (derivates in Euros) of CME to Amsterdam. And after Brexit; the AFM says another 150 companies will make the leap. And then you have the E.U. that is developing things like Emir II etc ... Services are difficult to negotiate. In any event Brexit is already reforming European financial landscape.

London is the major centre for that market not just for euro countries but globally
,The EU have said they want firms that deal in them to relocate to the EU area,
two problems here the other major centre is the USA who have said if the EU impose restrictions on the UK they will follow suit towards the EU that will leave the EU outside the two major markets.
Not legally able to carry on with there existing contracts that are running in the UK that figure is £76 trillion at the moment and around £40 trillion outstanding after march next year not good news for the bank's over there,
as they would have to legally close there position on the contracts with 3 months of the end date that means in a few weeks in reality,
that's even before the USA get Involved.
Anyone taking on the contacts and it's not easy at present to do that will want new interested terms added to cover the risk.
That would from Asia as the only other realistic market and they know The EU can't go to London and the USA so would change a premium more than likely.
That's unless the EU companies have the assets to cover the trillions on there books.
London is seen as a safe haven for stuff like this as it is seen as stable historically
not something you can conjure up with the sweep of a pen , or it would have been done before with the figures on offer.
There was a article out last week , giving the affects on London and the EU if this happens, think it was a German source last week it was interesting reading.
The May deal stops anything changing untill at least 2020
Sorry about the grammar hope it clear to you what I am trying to say.

 

[ToffeeTim]

She can't govern.

117 of herMPs don't support her. She has no majority to start with.

She should resign.

 

[Jib in lad]

My guess is all of that 130 didn’t vote for her

What ever way you look at it a third of her party have no confidence in her.

 

[thirdmantackle]

 

[Sarnia Kevin]

 

[Harryflashman]

What ever way you look at it a third of her party have no confidence in her.

Yeah absolutely mate , was just an observation it’s a cracking stat . My point was more about tory deceit and dishonesty

 

[Tubey]

Brexiteers now calling on May to resign.

The irony that they're not respecting the outcome of a referendum on a single issue is profound.

 

[Neiler]

London is the major centre for that market not just for euro countries but globally
,The EU have said they want firms that deal in them to relocate to the EU area,
two problems here the other major centre is the USA who have said if the EU impose restrictions on the UK they will follow suit towards the EU that will leave the EU outside the two major markets.
Not legally able to carry on with there existing contracts that are running in the UK that figure is £76 trillion at the moment and around £40 trillion outstanding after march next year not good news for the bank's over there,
as they would have to legally close there position on the contracts with 3 months of the end date that means in a few weeks in reality,
that's even before the USA get Involved.
Anyone taking on the contacts and it's not easy at present to do that will want new interested terms added to cover the risk.
That would from Asia as the only other realistic market and they know The EU can't go to London and the USA so would change a premium more than likely.
That's unless the EU companies have the assets to cover the trillions on there books.
London is seen as a safe haven for stuff like this as it is seen as stable historically
not something you can conjure up with the sweep of a pen , or it would have been done before with the figures on offer.
There was a article out last week , giving the affects on London and the EU if this happens, think it was a German source last week it was interesting reading.
The May deal stops anything changing untill at least 2020
Sorry about the grammar hope it clear to you what I am trying to say.

There could well be a new regime in the White House in 2020 though and a less provocative then the Trump one.

 

[Jib in lad]

Yeah absolutely mate , was just an observation it’s a cracking stat . My point was more about tory deceit and dishonesty

Oh absolutely mate loads of them who said they would vote for her lied and voted against her plus that's deffo 100 in her own party who will vote against her deal plus Labour SNP and others .

The deal is dead she is on her last legs the civil war in the Tory party will only get worse, happy days.

 

[Carl O'Ancelotti]

Brexiteers now calling on May to resign.

The irony that they're not respecting the outcome of a referendum on a single issue is profound.

If it wasn't against their own rules they'd probably be calling for a 2nd referendum soon when all the facts are known...

 

[edge]

There could well be a new regime in the White House in 2020 though and less provocative then the Trump one.

It's the way they want to requlate it the USA don't like and it would mean there firms would have to open up in the EU to have access to that market , and stricter controls as well for access to the Eurozone market.
Trump or not the yanks like a free market, they will not put up with the Eurozone doing that .

 

[magicjuan]

It's a good account of a no nonsense leader........
His record was not ideal, as a MP, but he was in the right place at the right time his negotiations ability puts this lot to shame......

Pants. He was exactly of the same mould as Cameron and Osbourne, an upper class ridden oik who saw the lower classes as expendable cannon fodder.

 

[Jib in lad]

 

[Armel]

London is the major centre for that market not just for euro countries but globally
,The EU have said they want firms that deal in them to relocate to the EU area,
two problems here the other major centre is the USA who have said if the EU impose restrictions on the UK they will follow suit towards the EU that will leave the EU outside the two major markets.
Not legally able to carry on with there existing contracts that are running in the UK that figure is £76 trillion at the moment and around £40 trillion outstanding after march next year not good news for the bank's over there,
as they would have to legally close there position on the contracts with 3 months of the end date that means in a few weeks in reality,
that's even before the USA get Involved.
Anyone taking on the contacts and it's not easy at present to do that will want new interested terms added to cover the risk.
That would from Asia as the only other realistic market and they know The EU can't go to London and the USA so would change a premium more than likely.
That's unless the EU companies have the assets to cover the trillions on there books.
London is seen as a safe haven for stuff like this as it is seen as stable historically
not something you can conjure up with the sweep of a pen , or it would have been done before with the figures on offer.
There was a article out last week , giving the affects on London and the EU if this happens, think it was a German source last week it was interesting reading.
The May deal stops anything changing untill at least 2020.

Well yes probably everything will become more expensive (double circuits etc...), we are still talking only about derivates eh?, the Dutch banking authority even recognized that much if you read between the lines. But it will damage London more. Off course there are sectors that they can't touch; like marine insurances (well they can but that would require a whole lot of strangeness ...). But you can hardly blame a lot of the European cities of having a go.

The EU won't be applying sanctions in case of a hard Brexit (I take it they were talking about the new measures they want for supervision; they aren't in effect yet , who knows when it's not very clear); I think the main issue is then (Hard Brexit) with regard to the supervision; I thought so far they only needed to have an 'equivalent supervision system', not the case if the U.K. hard brexits. New York is recognized if I'm not mistaken (there's a mutual accord between the E.U. and the U.S. for financial derivates).

Especially for Euro's it's a matter of principle; the U.K. already once won a case before the ECJ because the Euro countries didn't want Euro's cleared on British soil. If it mattered that much when they were still part of the E.U.; do you think they are going to soften their stand now? Also I don't think the Donald will help you, especially since New York can be quite a winner in this (who knows even the biggest).

Well yes if they vote for 2020 everything stays the same, but afterwards it's game on again. But that could quite a long time tbh...