Brexit: Where are we now?

Held on Wednesday, June 14, 2017

In association with the London Institute of Banking & Finance


  • Anthony Belchambers (FSNF)

  • Tom Huertas (EY)

  • Matthew Holehouse (MLex)

  • Michael Sholem (Davis Polk)



It is almost a year since the EU Referendum, and over two months since the UK formally triggered Article 50.

So, where are we now?

The election will, one way or another, clarify the Government’s mandate on Brexit. The EU27 have agreed their negotiating principles. The Bank of England is talking up concerns of systemic risk in the event of a ‘hard’ Brexit, which the ECB is talking down. The FCA is asking firms for their contingency plans, the OECD is urging all parties to stay civil, and the EBA is looking for a new home.

What are financial firms to make of it all? Is the financial sector any closer to certainty on the big issues? To discuss where we are, and where we may be headed, we are pleased to welcome the following experts:

  • Anthony Belchambers is Chairman of the Financial Services Negotiation Forum, Chairman of Saxo Capital Markets, Chairman of the Industry Advisory Group to the APPG on Wholesale Markets, and a NED with Westpac Europe Ltd.
  • Tom Huertas is a partner at EY and coordinator of EY’s Global Regulatory Network. He is a former member of the FSA’s Executive Committee, alternate Chair of the EBA, member of the Basel Committee on Banking Supervision and of the Resolution Steering Committee at the FSB.
  • Matthew Holehouse is Brexit correspondent for MLex, focusing on the Whitehall end of proceedings. He is a former Brussels correspondent and Westminster correspondent for the Daily Telegraph.
  • Michael Sholem is EU regulatory counsel with Davis Polk, specialising in financial services clients.  Previously, he was special advisor on EU financial regulatory affairs at another well-known firm.

If you (or a colleague) would like to join the discussion, please register online or call the CSFI on 020 7621 1056. Wine, refreshments and nibbles will be available thanks to the hospitality of the LIBF. Sincerely yours,

Andrew Hilton