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

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 cycle UK and EU negotiators UK leaves the EU, European Parliament votes agree draft deal transition period begins 29 th March 2019 November 2018 Early 2019 December 2020 Early 2019 December 2018 UK leaves the EU? UK Parliament votes EU Council consents Government has 21 days to put forward a new plan THE ROAD AHEAD 2

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” “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 on regulatory and supervisory matters is in their mutual interest”. 3

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EU MEMBER STATE ELECTIONS AND THE BREXIT NEGOTIATIONS 6

THE SQUEEZED CENTRE HEADING 01 Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 7

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