Publication
The UK Football Governance Bill: Impact on ownership
The UK Football Governance Bill (the Bill), reintroduced by the current Labour government in 2024, marks a significant shift in the regulation of English football.
Brexit survey: the impact on the foreign banking sector
Global | Publication | November 2017
The financial services industry constitutes around 7 per cent of UK GDP, directly employs 1.1 million people (two-thirds of them outside London) and contributes a significant proportion of tax revenue to the UK. An important part of the industry is the banking sector, consisting of UK domestic banks and non-UK banks that have established themselves in the UK (many of which use the EU passport to conduct cross-border business).
Following the UK’s vote to leave the European Union, the Association of Foreign Banks formulated a position statement earlier this year to reflect what they understood to be the key Brexit related issues for the foreign banking sector in the UK. This was followed by a survey, carried out with Norton Rose Fulbright, among the AFB membership gauging the foreign banking sector’s sentiment on Brexit. AFB members, including some of the world’s largest banks, responded, looking at three areas:
- The UK’s post-Brexit relationship with the EU
- Immigration impact on staff
- Business confidence/political stability in the UK
We hope that you find the report insightful. If you would like to discuss any aspect of the report further, please get in touch.
Global Head of Financial Services
Email
jonathan.herbst@nortonrosefulbright.com
Recent publications
Publication
Beyond the ballot: A look at proxy season 2025 shareholder proposals
Even when shareholder proposals fall short at the polls, their influence can resonate beyond the vote count and plant the seed for potential shifts in shareholder engagement themes.
Publication
OSC proposes to restrict short sellers from participating in distributions of reporting issuers in Ontario
The Ontario Securities Commission (OSC) is seeking public comment until September 3, 2025, on a proposal (the Proposal) to prohibit persons and companies from participating in prospectus offerings and private placements made by reporting issuers in Ontario when such persons or companies recently sold short the equity security being offered.
Subscribe and stay up to date with the latest legal news, information and events . . .