Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/193953
Editors: 
Jackson, Patricia
Year of Publication: 
2017
Series/Report no.: 
SUERF Conference Proceedings 2017/1
Abstract: 
On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for financial firms, markets and regulators with a range of different viewpoints expressed on a number of important themes: the systemic risks from Brexit; the possible role of equivalence versus passporting to continue to facilitate cross-European financial transactions; the effects on the deep wholesale markets located in London and the question as to whether the sheer size and interconnectedness of London as a financial center implied that it would still act as a magnet for European business; the effects on Europe if the result created fragmentation of markets and CCPs; and the implications for bank, insurer and asset manager business models, in particular whether Brexit would act as a catalyst for restructuring and retrenchment from activity in the EU27.
Subjects: 
Brexit
Banking
Insurance
Asset Management
Clearing
Third Country Equivalence
Globalisation and anti-globalisation
Monetary policy
Integration of markets
Financial stability
Financial centres
Central counterparties
market infrastructures
financial regulation
Financial markets
business models
European Union
Single market
International trade
Political negotiations
International cooperation
JEL: 
F13
F15
F23
F30
F33
F36
F42
F52
F53
F55
F62
F65
G01
G15
G18
G21
G22
G23
G24
G28
K23
ISBN: 
978-3-902109-84-2
Document Type: 
Proceedings
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