{"id":8433,"date":"2019-03-11T19:42:31","date_gmt":"2019-03-11T19:42:31","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/fca-to-run-no-deal-brexit-financial-war-room\/"},"modified":"2019-03-11T19:42:31","modified_gmt":"2019-03-11T19:42:31","slug":"fca-to-run-no-deal-brexit-financial-war-room","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/fca-to-run-no-deal-brexit-financial-war-room\/","title":{"rendered":"FCA to run no-deal Brexit ‘financial war room’"},"content":{"rendered":"\n
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\"AImage copyright<\/span>
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The Financial Conduct Authority has plans in place for a financial war room to take action in the event of a no-deal Brexit.<\/p>\n

The war room will keep a close eye on the IT changes that will be required over the weekend following 29 March.<\/p>\n

It is understood that the regulator will keep in close contact with leading City firms to watch for potential disruption in the financial markets.<\/p>\n

The FCA will also liaise closely with Whitehall and Threadneedle Street.<\/p>\n

An FCA spokesman said: “As part of our planning for all scenarios we have put in place contingency measures in the event of a hard Brexit. <\/p>\n

“We will have teams in place throughout the weekend of exit to monitor the situation and respond as needed, working closely with the Treasury and the Bank of England.”<\/p>\n

Passporting rights <\/h2>\n

The Financial Services Register of authorised firms will need to be updated constantly as EU providers sign up to deal with UK clients.<\/p>\n

Hundreds have already applied, knowing that their “passporting right” to operate here as EU members will expire.<\/p>\n

Previously, the FCA warned drivers heading across the Channel to make sure they have Green Cards to prove that they are insured.<\/p>\n

Holidaymakers are advised to check their travel insurance, to make sure they are covered for problems with flights<\/a>.<\/p>\n

Insurers have been told to treat customers fairly if they make claims for travel disruption and “not to reject claims unreasonably”.<\/p>\n

Travellers will also need to check that they have the health cover they need if the EHIC card which entitles UK tourists to treatment across Europe ceases to function<\/a>.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Getty Images The Financial Conduct Authority has plans in place for a financial war room to take action in the event of a no-deal Brexit. The war room will keep a close eye on the IT changes that will be required over the weekend following 29 March. It is understood that the regulator … <\/p>\n","protected":false},"author":0,"featured_media":8434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/8433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=8433"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/8433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/8434"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=8433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=8433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=8433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}