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Financial groups call for Brexit relief extension for derivatives-contract transfers

By Fiona Maxwell ( August 28, 2020, 12:11 GMT | Insight) -- Two influential financial industry groups have urged Brussels to extend the relief granted to certain derivatives contracts that need to be changed because of the UK's withdrawal from the EU. The change is needed soon, ISDA and AFME told the European Commission, as delays to the final Brexit date mean the initial carve-out won't be in effect once the transition period expires.Two influential financial industry groups have urged Brussels to extend the relief granted to certain derivatives contracts that need to be changed because of the UK's withdrawal from the EU....

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