Investment banks in London may need 'chaperones' for EU clients under no-deal Brexit

Pedro Gonçalves
clock • 2 min read

Investment banks in London such as Credit Suisse and Nomura have warned their M&A teams that they would have to loop in EU colleagues when talking to customers in Europe about specific advisory work and regulated products like loans or bonds, in the event of a no-deal Brexit. In the hard exit scenario, even the cold-calling of company executives to pitch for new business out of London could cause issues with EU regulators. "There is a whole bunch of things people have to do in the course of an M&A transaction which require regulation," Simon Gleeson, a financial services partner at Cl...

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