‘Bloomberg Markets: Rules & Returns’ interview with Norton Rose Fulbright partner Jonathan Herbst – the latest Brexit developments and an update on MiFID II

On 31 August 2018, Bloomberg broadcast an interview with Norton Rose Fulbright global head of financial services Jonathan Herbst on its ‘Rules & Return’ show. In the interview, beginning at 10:15 in the link to the broadcast, Jonathan discusses the impact of Brexit, and particularly a ‘no-deal’ Brexit scenario, on the regulation of the financial services sector in the UK and EU. Jonathan also provides an update on MiFID II, which took effect on 3 January 2018 and highlights the key subjects of inducements, best execution and market structure. Jonathan notes that market conduct, anti-money laundering and sanctions are the big issues affecting financial institutions more broadly. At a macro level, large banks are exploring the efficiency of their global operating models.

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