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We have extensive expertise in 3 specific industries – HealthcareEnergy and Financial Services – and 2 strategic themes with high business impact – Digital Transformation and Innovation & Entrepreneurship

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    How to Mitigate the Shock of Brexit to Financial Services in the EU

    Date: 17/04/2019
    Category: Opinions
    Most ways to resolve the current stalemate in the UK parliament with respect to Brexit imply that the UK will no longer be part of the internal market for financial services. There is a risk that capital market services in the EU-27 will decline in scope and quality without the UK in the internal market but this risk can be mitigated. In this statement, Professor David Veredas propose that the EU and the UK form a joint high-level committee to develop proposals for simplified and better regulation that strengthens market discipline. He also suggests that the EU and the UK jointly work to enhance and improve equivalence requirements for suppliers of financial services to markets in both the UK and the EU.
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