Sector Regulation Sector Regulation

Comment: UK banks soliciting EU trades get ESMA warning, but it may be style over substance

By Fiona Maxwell and Jack Schickler
  • 13 Jan 2021 11:33
  • 23 Feb 2021 08:55
A warning that UK banks will face criminal proceedings if they try to advertise to EU-based customers through the backdoor appears more of a political threat from Brussels than a credible harbinger of legal proceedings.

The European Securities and Markets Authority today offered a stark warning to discourage EU investors from

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