Brexit will hit equivalence decisions, warns Iosco chair

Asia may face harder negotiations with EU as result of Brexit

Ashley Alder
Ashley Alder, Iosco

The UK's decision to leave the European Union could make life more difficult for other non-EU jurisdictions to win a vital seal of regulatory approval, the chair of the International Organization of Securities Commissions (Iosco), Ashley Alder, has warned.

So-called equivalence decisions mean market participants in a cross-border derivatives trade – for example – only have to comply with one set of regulations.

This has been a source of friction in Asia, where jurisdictions complain they are

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