Brexit and UK-Based financial and related professional services

TheCityUK issued a report on the 12 January 2017 which listed its key priorities for the UK-based financial and related professional services industry in the forthcoming Brexit negotiations – all issues which needed to be addressed in order to achieve the best possible deal for both the UK and EU27.

It was critical that the UK maintained its global competitiveness following its exit from the EU and remained an attractive place to do business.

The priorities addressed in TheCityUK’s paper included:

+ Clear and upfront transitional arrangements
+ Access to domestic, EU and global talent
+ Market access
+ Issues effecting marketing and dealing
+ Product standards
+ Market infrastructure and regulatory frameworks
+ Ensuring legal continuity

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

The CityUK: Press Release, 12.01.17: TheCityUK sets out key industry priorities for Brexit negotiations https://www.thecityuk.com/news/thecityuk-sets-out-key-industry-priorities-for-brexit-negotiations/

Blog: Open Europe, 12.01.17: If the UK’s financial services sector drops demands to keep the EU passport, the case for staying in the single market gets weaker http://openeurope.org.uk/today/blog/if-the-uks-financial-services-sector-drops-demands-to-keep-the-eu-passport-the-case-for-staying-in-the-single-market-gets-weaker/

House of Lords: Select Committee on the European Union, 9th Report (2016-17)HL81: Brexit: financial services http://www.europeansources.info/record/brexit-financial-services/

UK: Parliament: House of Commons: Briefing Paper, No. SN/EP/06193 (31.03.17) http://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN06193

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