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2017 | OriginalPaper | Buchkapitel

The UK Financial Sector and EU Integration After Brexit: The Issue of Passporting

verfasst von : Dirk Schoenmaker

Erschienen in: The Economics of UK-EU Relations

Verlag: Springer International Publishing

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Abstract

If the UK cannot secure a ‘Norway’ deal and stay within the internal market after Brexit, the UK will lose passporting rights for EU financial services and access to euro clearing and settlement, both of which make London attractive as a financial centre. A substantial part of the UK’s wholesale banking and trading sector may move out to the new EU27. For the future of its financial services sector, the UK government faces a fundamental choice between global and EU business.

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Vorheriges Kapitel European Monetary Integration and the EU–UK Relationship

Nächstes Kapitel Foreign Direct Investment and the Relationship Between the United Kingdom and the European Union

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Titel: The UK Financial Sector and EU Integration After Brexit: The Issue of Passporting
verfasst von: Dirk Schoenmaker
Verlag: Springer International Publishing
Buch: The Economics of UK-EU Relations
Print ISBN: 978-3-319-55494-5

Electronic ISBN: 978-3-319-55495-2

Copyright-Jahr: 2017
DOI: https://doi.org/10.1007/978-3-319-55495-2_5