BREXIT 2018 RECAP: THE HYPE, THE REALITY, WHAT CROSS- BORDER - - PowerPoint PPT Presentation

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BREXIT 2018 RECAP: THE HYPE, THE REALITY, WHAT CROSS- BORDER - - PowerPoint PPT Presentation

Dec 26, 2023 27 likes •118 views

BREXIT 2018 RECAP: THE HYPE, THE REALITY, WHAT CROSS- BORDER OPERATIONS NEED TO KNOW FOR 2019 AND BEYOND? DR KAY SWINBURNE MEP VICE-CHAIR, COMMITTEE ON ECONOMIC AND MONETARY AFFAIRS May 2019: European Parliament elections 2020: End of budget

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BREXIT 2018 RECAP: THE HYPE, THE REALITY, WHAT CROSS- BORDER OPERATIONS NEED TO KNOW FOR 2019 AND BEYOND?

DR KAY SWINBURNE MEP VICE-CHAIR, COMMITTEE ON ECONOMIC AND MONETARY AFFAIRS

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THE ROAD AHEAD

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UK and EU negotiators agree draft deal UK Parliament votes European Parliament votes EU Council consents UK leaves the EU, transition period begins December 2018 November 2018 Early 2019 Early 2019 29th March 2019 UK leaves the EU? December 2020 Government has 21 days to put forward a new plan May 2019: European Parliament elections 2020: End of budget cycle

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FINANCIAL SERVICES POST-BREXIT

“Parties are committed to preserving financial stability, market integrity, investor and consumer protection and fair competition, while respecting the Parties’ regulatory and decision-making autonomy”

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“Parties should start assessing equivalence with respect to each other under these frameworks as soon as possible” “Parties will keep their respective equivalence frameworks under review” “Parties agree that close and structured cooperation

  • n regulatory and supervisory matters is in their

mutual interest”.

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EU MEMBER STATE ELECTIONS AND THE BREXIT NEGOTIATIONS

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THE SQUEEZED CENTRE

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