European Commission Wants To Ensure Brexit Won't Influence Financial Contracts

Forex News

Valdis Dombrovskis, the European Commission's vice president, stated that existing financial contracts, like derivatives or insurance aren’t likely to be influenced by Brexit. He said: "Overall, even after Brexit, the performance of existing obligations can generally continue", reassuring investors as lately BoE had some concerns about the matter.

Dombrovskis added that supervisors and companies should look separately at each type of contract, but he saw no particular threat at this point, saying: "It does not appear to be at this juncture an issue of general nature linked to contract continuity".