The Association for Financial Markets in Europe advocates stable, competitive and sustainable European financial markets that support economic growth and benefit society.

With the UK due to leave the EU on 29th March, and political uncertainty looking likely to continue, this timely discussion examined the key operational challenges firms face in the event of a no-deal Brexit. Members were joined in the Briefing by: Simon Lewis, Chief Executive, AFME Andrew Gray,Head of Brexit, PwC Galina Dimitrova,Director, Investment and Capital Markets, The Investment Association

With the UK Parliament's 'Meaningful Vote' on the Withdrawal Agreement having been postponed, this timely Briefing provided expert analysis on 'what next?' for the Brexit process. Members were joined in the Briefing by: Simon Lewis,Chief Executive, AFME Chris Bates,Global Head of Financial Regulatory and Markets Practice, Clifford Chance LLP Michael Prescott, Group MD, Corporate and Political Strategy, Hanover

The EU (Withdrawal)Act, which transposesthebody of EU-derived lawinto UK legislation,received royal assent on 27June. Over the coming weeks, the UK Governmentis expected to start publishing a large volume of secondary legislationto make amendmentsto adapt the acquisin areas where it would be unworkable to directly transfer EU legislation into UK law.Given the large volume of financial services regulation derived from EU law and the inherent policy choices involved in adapting it to a UK framework outside the EU, the secondary legislation is likely to have significant implications for firms. Members were joined in thebriefing by: Chris Bates, Partner, Clifford Chance LLP Simon Lewis,Chief Executive, AFME Oliver Moullin,Managing Director, BrexitandGeneral Counsel, AFME Arved Kolle, Manager,Brexit, AFME

With IBORs due to be phased out over coming years and work continuing to identify the new benchmark rates which will replace them, the Briefing discussed the implications for industry. AFME experts and external speakers discussed the key issues that the transition poses and what action will need to be taken to ensure it goes smoothly. Members were joined in the Briefing by: Iain Budge, Vice President, UK & Ireland FI Solutions, NatWest Markets Marcus Mackenzie, Partner Global Transactions, Freshfields Bruckhaus Deringer LLP Jessica Wrigley, Knowledge Lawyer, Global Transactions, Freshfields Bruckhaus Deringer LLP Richard Hopkin, Managing Director, Head of Fixed Income, AFME Anna Bak, Associate Director, Securitisation, AFME Alex Hunt, Quantitative Analyst, AFME Stevi Iosif, Associate Director, Advocacy, AFME