Edition:
United Kingdom

Germany's BaFin Signs Post-Brexit Agreement With UK Regulator


Thursday, 18 Apr 2019 

April 18 (Reuters) - Germany's financial watchdog Bafin: :IN PREPARATION FOR BREXIT, BAFIN CONCLUDED AN AGREEMENT ON 15 APRIL 2019 WITH THE PRUDENTIAL REGULATION AUTHORITY (PRA) IN THE UK.AGREEMENT ENSURES THAT, AFTER BREXIT, FINANCIAL SUPERVISION AND MARKET CONDUCT SUPERVISION OVER THOSE COMPANIES THAT NO LONGER WRITE NEW BUSINESS IN THE HOST COUNTRY WILL CONTINUE TO BE SHARED.BAFIN CHIEF EXECUTIVE DIRECTOR SAYS THE POSITION OF POLICYHOLDERS SHOULD NOT BE WORSENED BY BREXIT.BAFIN CHIEF EXECUTIVE DIRECTOR SAYS AGREEMENT BETWEEN BAFIN AND THE PRA ENSURES THAT WE WILL BE ABLE TO COOPERATE WITH THE UK AUTHORITIES JUST AS WE DID BEFORE.