Brexit and financial services

Series Title
Series Details 18.10.17
Publication Date 18/10/2017
Content Type

The Institute for Government is an independent charity in the United Kingdom working to increase government effectiveness.

It works with all the main political parties at Westminster and with senior civil servants in Whitehall. It provides evidence based advice that draws on best practice from around the world.

The Institute for Government is a registered charity in England and Wales (Registered Charity No.1123926).

The charitable objectives of the Institute are:

+ The advancement of education in the art and science of government in the UK for the benefit of the public and on a non-party political basis;
+ The promotion of efficient public administration of government and public service in the UK by providing programmes of education, training, research and study for the public benefit and on a non-party political basis.
In the context of the United Kingdom negotiating in 2017 to the leave the European Union this IfG Explainer discusses Brexit and financial services. There are the following sections:

+ Why is the financial services sector important?
+ Does the financial services sector rely on the EU?
+ What are the options for trade in financial services with the EU?
+ How does ‘passporting’ work?
+ How does trade on WTO terms compare?
+ What is ‘equivalence’, and how does it work?
+ How would an FTA covering financial services work?
+ What is the Government’s position on financial services?
+ What impact will Brexit have on the UK’s financial services trade with the rest of the world?

Source Link
Related Links
The Conversation, 07.03.18: Brexit: why Britain’s hopes for a special financial services deal are set to be dashed
ESO: Find further information sources in ESO relating to Brexit and financial services
ESO: In Focus: Brexit - The United Kingdom and the European Union
UK: GOV.UK: Press Release, 11.01.18: PM meeting with financial services firms
The Guardian, 11.12.17: Brexit: City of London will lose 10,500 jobs on day one, says EY
Reuters, 11.01.18: Brexit caused 37 percent fall in new London financial jobs in December - report
The City of London Corporation: The City of London Corporation and Brexit
Blog: UK in a Changing Europe, 26.01.18: Research finds impact of Brexit on financial services will be negligible

Subject Categories ,
Countries / Regions