Brexit threatens UK-based banks’ corporate repo funding
UK banks and UK bases of global banks fear losing valuable source of NSFR cash
UK-based trading desks are bracing for tough post-Brexit obstacles to repo trading with the European Union’s non-financial companies – a source of funding that will grow in importance under incoming capital rules.
Based on the current state of Brexit negotiations, UK banks and UK-based operations of foreign banks are set to lose their EU passporting rights, which allow them to do business
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