Banks, investment firms face regulatory limbo as key Brexit bill expires

16 October 2019 10:05pm
UK financial firms may find themselves in regulatory limbo in a number of areas under a no-deal Brexit as a result of lawmakers failing to pass a key bill before the last session of Parliament ended last week.

Various pieces of EU legislation, including a large package of rules for banks, were contained in the draft law and won't apply in the UK if the country crashes out of the bloc at the end of this month.