IDEAS home Printed from https://ideas.repec.org/p/eps/cepswp/11876.html
   My bibliography  Save this paper

EU Financial Market Access after Brexit

Author

Listed:
  • Karel Lannoo

Abstract

Karel Lannoo has contributed a policy analysis to the Forum section of the latest issue of Intereconomics, which is devoted to the broad question of “Post-Brexit European Union”. It can be downloaded, along with other contributions on this question, at https://www.ceps.eu/system/files/IEForum52016_3.pdf Lannoo opens his contribution by observing that it is understandable why the UK attaches immense importance to retaining access to the EU’s single market, given that financial services account for about 8% of the country’s GDP. He warns, however, that putting a mutually acceptable regime in place will take years of negotiations, and the final agreement will clearly allow much less access than UK-licensed firms enjoy today. He further finds that the “equivalence” assessment – the basic tool used under current EU financial services legislation to recognise that a third country’s legal, regulatory and/or supervisory regime is equivalent to the corresponding EU framework – offers a fairly bleak basis on which the City might continue to thrive as a global financial centre in Europe.

Suggested Citation

  • Karel Lannoo, 2016. "EU Financial Market Access after Brexit," CEPS Papers 11876, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:11876
    as

    Download full text from publisher

    File URL: https://www.ceps.eu/system/files/Brexit%20and%20the%20financial%20sector_0.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. De Manuel, Mirzha, 2010. "Third Country Rules for Alternative Investments: Passport flexibility comes at a price," ECMI Papers 4059, Centre for European Policy Studies.
    2. Jakob Miethe & David Pothier, 2016. "Brexit: What’s at Stake for the Financial Sector?," DIW Economic Bulletin, DIW Berlin, German Institute for Economic Research, vol. 6(31), pages 364-372.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bofinger, Peter & Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Wieland, Volker, 2018. "Vor wichtigen wirtschaftspolitischen Weichenstellungen. Jahresgutachten 2018/19 [Setting the Right Course for Economic Policy. Annual Report 2018/19]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201819.
    2. Matthes, Jürgen & Busch, Berthold, 2016. "Was kommt nach dem Brexit? Erwägungen zum zukünftigen Verhältnis zwischen der Europäischen Union und dem Vereinigten Königreich," IW-Reports 37/2016, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    3. Yutaka Kurihara, 2017. "The Impact of ‘Brexit’ on Japanese International Trade in EU," Business, Management and Economics Research, Academic Research Publishing Group, vol. 3(6), pages 57-61, 06-2017.
    4. Micossi, Stefano & Perissich, Riccardo, 2016. "The Brexit Negotiations: An Italian Perspective," CEPS Papers 11922, Centre for European Policy Studies.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Portuese, Aurelien, 2018. "Towards a Meta Cost-benefit Analysis: The Case of Brexit," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 19(1), June.
    2. Kurecic Petar & Kokotovic Filip, 2018. "Empirical Analysis of the Impact of Brexit Referendum and Post-Referendum Events on Selected Stock Exchange Indexes," South East European Journal of Economics and Business, Sciendo, vol. 13(1), pages 7-16, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eps:cepswp:11876. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Margarita Minkova (email available below). General contact details of provider: https://edirc.repec.org/data/cepssbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.