Even with Hard Brexit, UK Asset Managers Can Still Serve the EU [RealClear Markets]

UK firms manage approximately L1 trillion in assets for European investors outside of the UK. With the Brexit negotiations slated to start this month, the UK Investment Association has raised serious questions about whether those assets could be taken away from UK asset managers – especially given Prime Minister May’s prioritization of immigration limits over capital markets.

However, even if the UK does not obtain preferential access to the EU’s capital markets in the Brexit negotiations, UK firms can continue to manage assets for EU clients, just like other non-EU firms including many US money managers.  The two key strategies employed by non-EU asset managers have been: indirect passporting and regulatory equivalence.

Read the rest at realclearmarkets.com…