Advertisement

After Brexit pp 385-396 | Cite as

EU Financial Markets After Brexit

  • Karel Lannoo
Chapter

Abstract

Access to the EU’s financial markets will become seriously restricted for Britain-based financial institutions after Brexit. This article reviews the importance of the passport for financial services providers under EU law and the third-country arrangements access under the different EU financial services directives. It concludes that the City of London and UK-based financial institutions will be seriously affected by Brexit.

Keywords

Financial market regulation Brexit Financial centres EU law and third countries 

References

  1. De Manuel, Mirzha. 2012. Third Country Rules for Alternative Investments: Passport Flexibility Comes at a Price. ECMI Commentary, ECMI, Brussels. www.ceps.eu
  2. Financial Times. 2016. Banks Fear Chill Wind of ‘Passport’ Freeze. September 21.Google Scholar
  3. Gros, Daniel. 2016. The Economics of Brexit: It’s Not About the Internal Market. CEPS Commentary, September. www.ceps.eu
  4. IMF. 2016. Macroeconomic Implications of the United Kingdom Leaving the European Union. Country Report, Washington, DC.Google Scholar
  5. Lannoo, Karel. 2015. The Great Financial Plumbing: From Northern Rock to Banking Union. London: Rowman and Littlefield International. October.Google Scholar
  6. ———. 2016. Brexit and the City. CEPS Commentary, CEPS, Brussels. www.ceps.eu
  7. Miethe, Jakob, and David Pothier. 2016. Brexit: What’s at Stake for the Financial Sector. Economic Bulletin, DIW, August.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Karel Lannoo
    • 1
  1. 1.CEPS (Centre for European Policy Studies)BrusselsBelgium

Personalised recommendations