Law360, London (January 1, 2020, 12:03 PM GMT) — The City is bracing for change over the next year as Britain edges closer to leaving the European Union, with upcoming regulatory shifts like new regimes for digital currencies, a new benchmark interest rate and stricter accounting rules after a string of scandals.
London’s future as a global financial center could depend on complex new equivalence rules with the EU after U.K. banks depart its regulatory framework. At stake are Brexit cross-border dealings that tied the U.K. to European financial markers for four decades and possible shifts in certain market venues to the continent.
Legal experts are re-examining what steps are…
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