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Europe Daily Bulletin No. 12187

6 February 2019
Contents Publication in full By article 17 / 32
ECONOMY - FINANCE - BUSINESS / Finance
ESMA and Bank of England are preparing for no-deal Brexit scenario
Brussels, 05/02/2019 (Agence Europe)

The European Securities and Markets Authority (ESMA) and the Bank of England have agreed on a Memoranda of Understanding (MoU) on Tuesday 5 February to allow ESMA to recognise the equivalence, in the event of no-deal Brexit, between the European Union's financial prudential rules and the British standards supervising the activities of central counterparties and the central security depository established in the United Kingdom. 

This Memoranda of Understanding determines the level of...

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