Brexit

United Kingdom's withdrawal from the EU will have a limited impact on the German fund industry. All about outsourcing, euro clearing and cross-border distribution.

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The British have decided to leave the EU. But the German fund industry is remaining calm. One reason for this is that only a few fund companies outsource their portfolio management to London, namely only seven percent of special fund assets and three percent of mutual fund assets. In addition, BVI has successfully worked towards cooperation between the EU27 authorities and the UK Financial Supervisory Authority.

In the competition for relocations, BVI would nevertheless like to see a clear political commitment to Frankfurt as a financial centre. Frankfurt is the main location of the fund industry in Germany. Luxembourg is only one step ahead as an issuing location; Frankfurt is the centre for product development, fund management and sales. BVI is also advocating the relocation of euro clearing to Frankfurt.

positions

Brexit

23/11/2018

Stellungnahme des BVI zum Referentenentwurf für ein Gesetz zur Ergänzung des Gesetzes über steuerliche Begleitregelungen zum Austritt des Vereinigten Königreichs Großbritannien und Nordirland aus der Europäischen Union

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Brexit

6/7/2017

BVI-Position zum Brexit

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Brexit

12/1/2017

BVI-Position: Brexit - Wie kann der Fondsstandort Deutschland profitieren?

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BVI's positions from A-Z

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