A comprehensive assessment of the cross-border issues that will affect UK firms selling investment services and products after the UK has left the EU. We look at the situation where UK financial services firms are unable to make use of European passports, i.e. the UK as a third country in relation to the EU. The paper also looks at consequences for EEA and non-EEA firms wishing to market into the UK. Using the methodology that BRP Bizzozero & Partners has developed for assessment of cross-border activity, the paper provides a broad view of barriers to cross-border activity and applies this to the specific and so far unprecedented case of a major country such as the UK leaving the EU.
TAILLE DU FICHIER: 9,22 MB
DATE DE PUBLICATION: 2017-Sep-26
AUTEUR: Alessandro Bizzozero
NOM DE FICHIER: After brexit - Cross-border financial service from the UK into the EU.pdf
Brexit: Managing cross-border complexity. C ontents Introduction 1 1. The clock is ticking ... 2 2. Implementation challenges 6 3. Example Brexit implementation plan 8 4. Technical considerations 10 5. Conclusion 14 6. Our experience of managing complex change 16 7. Contacts 18. 1 The submission of the 'Article 50 letter' by the British Government to the European Commission on 29 March ...
The dominant role of the UK in the EU financial system means European capital markets will be severely weakened after Brexit but the bloc has already setup the Capital Markets Union (CMU) to help unify financial markets across remaining EU member states after the UK - and London - leaves. This is another area for the pair to butt heads as EU states prepare to harmonise their financial ...