Brexit’s Winners and Losers. An Empirical Analysis of Economic Effects of Deglobalisation on the Financial Services Industry

Inhaltsverzeichnis (Table of Contents)

• Introduction
• Development of Brexit and UK-EU Relationship Negotiations
• Status quo ante Brexit
  • The UK's Financial Services Industry's Reliance on the EU

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This paper investigates the potential impact of a no-deal Brexit on the financial services industry, particularly focusing on the economic consequences of deglobalization. It explores the status quo of the financial services industry before Brexit, examines the legal framework governing financial services, and analyzes the potential implications of a WTO-based relationship.

• The economic consequences of deglobalization on the financial services industry.
• The role of the UK's financial services industry in the EU market.
• The impact of a no-deal Brexit on the legal framework for providing financial services.
• The future outlook for the financial services industry in a post-Brexit scenario.
• The implications of a no-deal Brexit for the City of London as a global financial center.

Zusammenfassung der Kapitel (Chapter Summaries)

The paper begins by introducing the concept of Brexit and its implications for global integration. It outlines the historical context of Euroscepticism in the UK and the process leading to the UK's withdrawal from the EU. The second chapter focuses on the negotiations surrounding the UK's future relationship with the EU, highlighting the limited time frame for reaching an agreement and the potential for a no-deal scenario. The third chapter delves into the pre-Brexit status quo of the financial services industry, examining the industry's reliance on the EU market and the legal framework governing the provision of financial services.

Schlüsselwörter (Keywords)

The primary keywords and focus topics include: Brexit, deglobalization, financial services, financial services industry, no-deal Brexit, WTO, equivalence, passporting, City of London, EU, UK, trade talks.