Brexit and financial services

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In the context of the United Kingdom negotiating in 2017 to the leave the European Union this IfG Explainer discusses Brexit and financial services. There are the following sections:

+ Why is the financial services sector important?
+ Does the financial services sector rely on the EU?
+ What are the options for trade in financial services with the EU?
+ How does ‘passporting’ work?
+ How does trade on WTO terms compare?
+ What is ‘equivalence’, and how does it work?
+ How would an FTA covering financial services work?
+ What is the Government’s position on financial services?
+ What impact will Brexit have on the UK’s financial services trade with the rest of the world?

The Conversation, 07.03.18: Brexit: why Britain’s hopes for a special financial services deal are set to be dashed https://theconversation.com/brexit-why-britains-hopes-for-a-special-financial-services-deal-are-set-to-be-dashed-93018

ESO: Find further information sources in ESO relating to Brexit and financial services http://www.europeansources.info/advSearchLink?keyword=financial%20services%20brexit%20after%20&searchOption=all

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

UK: GOV.UK: Press Release, 11.01.18: PM meeting with financial services firms https://www.gov.uk/government/news/pm-meeting-with-financial-services-firms

The Guardian, 11.12.17: Brexit: City of London will lose 10,500 jobs on day one, says EY https://www.theguardian.com/politics/2017/dec/11/brexit-city-of-london-jobs-ey-dublin-frankfurt

Reuters, 11.01.18: Brexit caused 37 percent fall in new London financial jobs in December - report https://uk.reuters.com/article/uk-britain-eu-employment/brexit-caused-37-percent-fall-in-new-london-financial-jobs-in-december-report-idUKKBN1F0003

The City of London Corporation: The City of London Corporation and Brexit https://www.cityoflondon.gov.uk/business/eu-and-regulation/Pages/city-corporation-brexit.aspx

Blog: UK in a Changing Europe, 26.01.18: Research finds impact of Brexit on financial services will be negligible http://ukandeu.ac.uk/research-finds-impact-of-brexit-on-financial-services-will-be-negligible/

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