Fund group execs meet to make Brexit mitigation plans

Third time taskforce has met

The asset management taskforce set up by the government met on Thursday to discuss how to protect the sector from the impact of Brexit.

Key issues raised were how to secure regulatory co-operation agreements and how fund managers could continue to service their European clients post Brexit, as well as preserving delegation rules, which enable fund managers to manage assets in one country for clients in another. The taskforce also discussed fund managers' roles as corporate stewards and how to strengthen the fintech industry, with the IA presenting its latest findings on developing fintech applications for the sector and initiatives on building a cyber-resilient industry. The group of chief executives included: Peter H...