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).