Implications of Brexit on EU Financial Services
This study addresses the implications and economic impact of several scenarios of the UK leaving the EU in relation to financial services, ranging from a ‘hard Brexit’ without any arrangements concerning financial services to the current state of affairs under the terms of a full EU membership. Special focus is put on a peculiar variation of ‘hard Brexit’, which are the third-country regimes in the current EU secondary legal framework that allow partial access to the EU single market based on ‘equivalence’ on the basis of decisions by the European Commission or national authorities. The study presents these regimes and the extent to which they were already used in the past. The economic analysis looks at three variations of ‘hard Brexit’ (one, in which the access to the single market is closed, one with partial access based on equivalence and one, in which the City of London is transformed into an ‘offshore financial centre’) and at the scenario, in which the UK joins the EEA. The economic assessment is based on the current state of affairs in relation to the interwovenness of financial services in the EU28 including a closer look at the importance of UK-based clearing of Euro denominated trades.
Badanie
Autorzy zewnętrzni
European Research Centre for Economic and Financial Governance (EURO-CEFG), Prof. Casper De Vries et al.
O tym dokumencie
Rodzaj publikacji
Słowo kluczowe
- delokalizacja
- Europa
- Europejski Obszar Gospodarczy
- Europejski Urząd Nadzoru Bankowego
- FINANSE
- GEOGRAFIA
- geografia gospodarcza
- geografia polityczna
- HANDEL
- handel międzynarodowy
- instytucja kredytowa
- instytucje kredytowe i finansowe
- instytucje UE i europejska służba publiczna
- kraj trzeci
- negocjacje międzynarodowe
- organizacja przedsiębiorstwa
- ORGANIZACJE MIĘDZYNARODOWE
- organizacje światowe
- polityka bankowa
- polityka międzynarodowa
- polityka współpracy
- prawo Unii Europejskiej
- PRZEDSIĘBIORSTWO I KONKURENCJA
- rating kredytowy
- rynek jednolity
- STOSUNKI MIĘDZYNARODOWE
- struktura europejska
- traktaty europejskie
- umowa handlowa międzynarodowa
- UNIA EUROPEJSKA
- usługi finansowe
- Wielka Brytania
- wystąpienie z UE
- Światowa Organizacja Handlu