Jamie Carter – Reaction to Brexit Speech

Reaction The Channel Group

It was comforting to hear from Theresa May that there is a broad strategic framework for the negotiations and a number of key objectives outlined which will immediately help manage expectations.  Of course we have only heard from one side of the negotiating table and shouldn’t get too carried away, but the tone it struck and the overarching aim to put Britain at the heart of the global economy is fantastic.  The key for all businesses, not just within financial services, is clarity and certainty, so the commitment to provide that wherever possible and aim for phased implementation is critical.

The financial infrastructure and regulation of the UK is so intertwined with Europe that a long lead time is required to disentangle this safely.  I would urge the government and the FCA to thoroughly review and reassess EU financial regulation timetabled to come into force within this negotiating period (such as MiFID 2) to ensure we do not put regulation in place which puts UK firms at an immediate disadvantage on the global stage we are so keen to compete on.

Jamie Carter

Jamie Carter

Jamie Carter is one of the founding partners of Oldfielf Partners.He was previously at MLIM where he was employed in a number of operational roles and later as a product specialist, responsible for the sales, marketing and client relationships of the global equity team. He graduated from Loughborough University. He is Chief Executive, responsible for all non-investment matters, in particular client relationships and business development.
Jamie Carter

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