Brexit and the Financial Services Industry: the Story So Far

Brexit will not destroy the UK’s financial services sector – the industry will adapt as it always has done – but it will probably lead to a smaller proportion of the total European market being based in London and the UK. The government has been publicly supportive of a deal that protects the UK’s financial services industry, but to achieve this it needs to modify other negotiating aims, and at the same time further ease the regulatory constraints on EU-based institutions operating in the UK.

• Primary Source

ESO: Background information: Brexit and financial services http://www.europeansources.info/record/brexit-and-financial-services/

The Conversation, 07.03.18: Brexit: why Britain’s hopes for a special financial services deal are set to be dashed https://theconversation.com/brexit-why-britains-hopes-for-a-special-financial-services-deal-are-set-to-be-dashed-93018

TheCityUK, 2017: Brexit and UK-Based financial and related professional services http://www.europeansources.info/record/brexit-and-uk-based-financial-and-related-professional-services/

House of Lords: Select Committee on the European Union, 9th Report (2016-17)HL81: Brexit: financial services http://www.europeansources.info/record/brexit-financial-services/

ESO: Background information: The impact of the UK's exit from the EU on the UK-based financial services sector http://www.europeansources.info/record/the-impact-of-the-uks-exit-from-the-eu-on-the-uk-based-financial-services-sector/

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