Commentary Regulatory 1-2016
The potential impact of Brexit from a financial and regulatory standpoint
The single market in financial services has been at the core of the United Kingdom (UK) and European Union (EU) financial services industry for many years. The news that the UK will leave the EU will no doubt have an impact on the financial players in the UK, their cross-border activities and supervision.
The Lisbon Treaty incorporated into the Treaty on the EU a clause (Article 50) allowing for the exit of a Member State.