IMN: Separate the wheat from the chaff when it comes to Brexit
12 September 2018 London
Image: Shutterstock
Brexit is a multidimensional issue with a lot of substance to be considered, but those in the industry must ensure they separate the 鈥渨heat from the chaff鈥�, according to panellists at this year鈥檚 annual European Securities 麻豆影视传媒 and Collateral Management Conference.
In a session on macroeconomic factors and their implications for the European securities finance market, panellists discussed the implications of Brexit on the industry.
One panellist asked another whether the 鈥渘oise鈥� being made about Brexit in the UK was reflected across the EU, or if it wasn鈥檛 that big of an issue for Europeans.
In response, the panellist said that those in the EU needed to ensure that the wheat was separated from the chaff when it comes to Brexit. The panellist explained that those in the EU are 鈥渁ware of the key decisions鈥�, but try to avoid the politics of Brexit.
鈥淢ost investors can handle it, we鈥檝e got to remain stable,鈥� the panellist added.
Another panellist, who said he was speaking from the broker community, said that Brexit is a 鈥渕ultidimensional issue which spans pretty much everything we touch on a day-to-day basis鈥�.
鈥淭here are the political angles to it, which we are all watching every day. It鈥檚 very hard to pick the middle ground.鈥�
鈥淔rom our point of view, we are asking clients to come to the table, some of us are hoping some of this will go away, but the reality is we need to plan for Brexit in March. The more effort we can put into that the better given the timing.鈥�
鈥淭here鈥檚 a massive amount to be done in a short amount of time. We want to be ready ahead of March. There鈥檚 a risk of a lack of awareness at a regulatory level of the critical importance of securities lending and repo in the continued functioning of the market.鈥�
In a session on macroeconomic factors and their implications for the European securities finance market, panellists discussed the implications of Brexit on the industry.
One panellist asked another whether the 鈥渘oise鈥� being made about Brexit in the UK was reflected across the EU, or if it wasn鈥檛 that big of an issue for Europeans.
In response, the panellist said that those in the EU needed to ensure that the wheat was separated from the chaff when it comes to Brexit. The panellist explained that those in the EU are 鈥渁ware of the key decisions鈥�, but try to avoid the politics of Brexit.
鈥淢ost investors can handle it, we鈥檝e got to remain stable,鈥� the panellist added.
Another panellist, who said he was speaking from the broker community, said that Brexit is a 鈥渕ultidimensional issue which spans pretty much everything we touch on a day-to-day basis鈥�.
鈥淭here are the political angles to it, which we are all watching every day. It鈥檚 very hard to pick the middle ground.鈥�
鈥淔rom our point of view, we are asking clients to come to the table, some of us are hoping some of this will go away, but the reality is we need to plan for Brexit in March. The more effort we can put into that the better given the timing.鈥�
鈥淭here鈥檚 a massive amount to be done in a short amount of time. We want to be ready ahead of March. There鈥檚 a risk of a lack of awareness at a regulatory level of the critical importance of securities lending and repo in the continued functioning of the market.鈥�
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