Lord Mandelson: Asset managers face 'maximum regulatory uncertainty' amid 'blind Brexit'

Speaking at the IA policy conference

The asset management industry faces "maximum regulatory uncertainty" as the slow pace of negotiations pose the threat of a "blind Brexit" where the future relationship between the UK and European Union (EU) is unknown, Lord Peter Mandelson has warned.

Speaking at the Investment Association's Annual Policy Conference on Tuesday (26 June), Mandelson - who previously held various Cabinet positions across the Tony Blair and Gordon Brown governments, as well as several high-profile trade roles for the EU - said the UK government must work to secure more time to negotiate a trade deal with the bloc.   IA members outline key Brexit priorities two years on from EU referendum He explained: "The government has already decided that we will not accept the offer that has been made by the EU27, which is to leave the EU but remain within the econ...