Potential Concepts for the Future EU-UK Relationship in Financial Services
This study assesses the key impacts of the United Kingdom’s exit from the European Union on the financial system and its infrastructures, on financial firms and financial services under three alternative concepts for the future EU-UK relationship. In addition to the impact on the ‘passporting rights’ of financial firms, particular emphasis is given to the impact on the regulatory framework governing i.a. credit institutions under a ‘third-country status’ scenario for the UK, the impact on payment systems and market infrastructures, as well as to certain aspects of the EU institutional framework governing the monetary and the financial system could be affected. This study was prepared by Policy Department A at the request of the ECON Committee.
Study
External author
Christos V. GORTSOS
About this document
Publication type
Keyword
- central bank
- cooperation policy
- economic geography
- EFTA
- employment
- EMPLOYMENT AND WORKING CONDITIONS
- EU banking union
- Europe
- European construction
- European Economic Area
- European organisations
- European Union
- EUROPEAN UNION
- FINANCE
- financial institutions and credit
- financial services
- free movement of capital
- GEOGRAPHY
- INTERNATIONAL ORGANISATIONS
- INTERNATIONAL RELATIONS
- monetary economics
- payment system
- political framework
- political geography
- POLITICS
- right of establishment
- supervisory body
- third country
- United Kingdom
- withdrawal from the EU