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UK banks in international markets

Summary:
The original paper is available on the European Parliament’s webpage, as part of in depth analysis requested by the ECON committee. Copyright remains with the European Parliament at all times. The UK enters the post-Brexit period with a regulatory framework that is closely aligned with that of the UK, and stronger in some areas. This paper highlights that the changes in regulatory strategy and the institutional framework that have been announced by the UK will make its bank regulation more responsive, and greater use of proportionality the sector will become more competitive. Competition for EU banks in international markets will intensify, though not due to an erosion of regulatory standards. This analysis was produced for the European Parliament’s Committee on Economic and Monetary

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The original paper is available on the European Parliament’s webpage, as part of in depth analysis requested by the ECON committee. Copyright remains with the European Parliament at all times.

The UK enters the post-Brexit period with a regulatory framework that is closely aligned with that of the UK, and stronger in some areas. This paper highlights that the changes in regulatory strategy and the institutional framework that have been announced by the UK will make its bank regulation more responsive, and greater use of proportionality the sector will become more competitive. Competition for EU banks in international markets will intensify, though not due to an erosion of regulatory standards.

This analysis was produced for the European Parliament’s Committee on Economic and Monetary Affairs (ECON).

Alexander Lehmann
Alexander Lehmann, a German citizen, joined Bruegel as a visiting Fellow in October 2016 and is now a non-resident fellow. His work focuses on financial integration and regulation. Currently he is also engaged as adjunct professor at the Hertie School of Governance in Berlin, and as a member of the German Economic Team in Belarus and Georgia.

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