Recent UK financial sector regulation - implications for the EU

16-03-2023 - 17:23 ECON
The recent UK financial sector regulation - implications for the EU
UK financial sector regulation © Image used under the license of Adobestock

Brexit poses unique challenges for EU policymakers as the most important financial centre in Europe is now outside its regulatory framework. The study requested by ECON committee looks at expected medium- to long-term divergence between EU and UK regulation and at options for future cooperation. The study finds that granting of equivalence to the UK is likely and feasible only for a few financial sector segments and will depend on the broader EU-UK political relationship.