Academics and experts give evidence on Brexit and Financial Services
7 September 2016
The EU Financial Affairs Sub-Committee has commenced an inquiry into Brexit and financial services in the UK. The Sub-Committee begins its inquiry with two evidence sessions focusing on the consequences of the referendum result for financial services and potential future arrangements.
- Parliament TV: Brexit: financial services
- Inquiry: Brexit: financial services
- EU Financial Affairs Sub-Committee
Witnesses
Wednesday 7 September in Committee Room 4A, Palace of Westminster
At 10.00am
- Professor Eilis Ferran, Professor of Company & Securities Law, Cambridge University
- Professor Sir Charles Bean, Professor of Economics, London School of Economics
At 11.00am
- Andrew Gray, UK regional financial services leader, PricewaterhouseCoopers
- Anthony Browne, Chief Executive, British Bankers' Association
- George Hay, European Financial Editor, Breaking views, Reuters
Possible questions
The witnesses are likely to answer questions on the following areas:
- The reaction of financial services firms to the outcome of the EU referendum result
- The possibility of relocation of financial services firms from the UK
- Critical priorities for the UK financial services sector in both the withdrawal negotiations and in negotiating a future relationship for the UK with the EU
- ‘Equivalence' rights to access the EU Single Market for the UK
- Financial regulatory cooperation between the UK and the EU under different models of EU membership
- A potential free trade agreement and the UK's financial sector
- Potential transitional arrangements
- The importance of the financial passport for firms operating in the UK
- Risks for retail customers and investors
- Considerations for non-EU firms wishing to gain access to the EU via the EU's equivalence regime
Further information
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