Background to Brexit

Background to Brexit

In June 2016 Britain voted to leave the European Union. Sir Mark Boleat explains the significance of this decision in regards to the policy debate, the transitional challenges and the post-Brexit landscape in terms of access to financial services.
Overview

Voters approved of the notion for Britain to leave the European Union in June 2016, a decision known as Brexit. This decision will greatly impact the financial services industry in Britain. With “passporting” no longer an option, the problems regarding contract continuity and the limited level of access firms based in the UK have to the EU single market will persist.

Key learning objectives:

  • Explain why Brexit impacts the financial services industry in Britain

  • Define passporting and describe proposed alternatives to passporting

  • Explain the issues Britain will face post-Brexit in regards to contract continuity and securing access to the EU’s single market

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Expert
Sir Mark Boleat

Sir Mark Boleat

Sir Mark Boleat has held a wide range of board level appointments in the UK and Jersey. He is currently the Chairman of LINK, Eldon Insurance Services and the Governors of the City of London Academy Highbury Grove. Sir Mark is also Vice Chairman of the Advisory Board of the International Business and Diplomatic Exchange.

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