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The cross-border regulation of financial services after Brexit: What role for the EU equivalence regime?

 Registration is closed for this event
After Brexit the UK financial industry will lose access to the Single Market under the EU passport regime. However, financial providers established in the UK could still cater EU clients on the basis of equivalence decisions unilaterally adopted by the European Union. But to what extent the EU equivalence regime can alleviate the loss of passport rights for UK firms? Compared to the passport, equivalence access is only available to certain financial activities and it can be withdrawn at any moment by the European Commission. Equivalence is also a moving target. Significant amendments have been recently introduced to EU equivalence rules related to the European Supervisory Authorities, European Market Infrastructures and the prudential treatment of investment firms. The scope of this workshop is to understand the effects of those reforms on the EU equivalence regime, as well as its overall role in the Brexit context. Under what regulatory and supervisory requirements the EU will grant equivalence access to the UK? To what extent will the equivalence process be linked to political and non-regulatory issues? Who, under equivalence, will supervise important financial firms such as Central Counterparties and Investment firms?

THios meeting is free of charge for CEPS/ECMI & ECRI members. Non-members may be admitted for Euro 200, paid in cash at registration. Representatives from the European institutions (Commission – Parliament – Council – EEAS – Committee of the Regions - CESE) & members of the press benefit from free entrance, too

When
December 3rd, 2019 3:00 PM   through   5:00 PM
Location
CEPS,
Place du Congres, 1
1000-1000 Brussels,
Belgium
Contact
Phone: +32 2 2293911
Email:
Event Fee(s)
CEPS/ECMI/ECRI members € 0.00
Non-Members € 200.00
EU Institutions - Press € 0.00
Event Info
Meeting ref
Responsible Mr. Karel Lannoo
Secretary Mr. Francesco Pennesi

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