With its recent victory in the July 2024 general election, the Labour Party has ended 14 years of Conservative Party rule in the United Kingdom. Labour's election manifesto suggested no radical departure in the direction of travel of the various derivatives regulatory initiatives that have been launched in the past few years. In fact, the then-Shadow City Minister, Tulip Siddiq, said in May 2024 that it would be the policy of a Labour government to "streamline the regulatory burden on financial services and tear down the barriers to competitiveness and growth." Nevertheless, the recent change in government represents a fitting moment to reflect on recent developments in UK derivatives regulation and to identify areas for future action.
This section of the "Capital Markets: Derivatives 2024" Guide highlights how, following Brexit, the UK has attempted to demonstrate the ability to undertake targeted regulatory reforms with both speed and precision. Specifically, the chapter examines the shadow of Brexit, key post-Brexit themes, and a look ahead at potential UK post-Brexit regulatory reforms.
"Capital Markets: Derivatives 2024: Trends & Developments – England and Wales," Chambers and Partners, September 4, 2024
Additional Katten sections in the "Capital Markets: Derivatives 2024" Guide:
"Capital Markets: Derivatives 2024 – Global Overview," Chambers and Partners, September 4, 2024
"Capital Markets: Derivatives 2024: Law & Practice – England and Wales," Chambers and Partners, September 4, 2024
