Moody’s: Passporting Withdrawal ‘Manageable’ for Big UK Financial Firms, If..
Posted: Sun Sep 18, 2016 7:45 pm
One of the three big credit rating agencies has shared an analysis of the prospects for the financial markets sector in a post-Brexit world. According to the company’s findings, the big companies in United Kingdom’s financial services industry are not likely to be fatally affected by the prospective loss of passporting rights to the single European market, provided that some conditions are met.
*MOODY'S: LOSING EU PASSPORTING MANAGEABLE FOR RATED U.K. BANKS
— lemasabachthani (@lemasabachthani) September 19, 2016
Moody’s spells out a condition for its prognosis – UK market rules will have to get recognized by the European ... (read more)