Recent UK financial sector regulation - implications for the EU

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.