Financial services industry needs clarity on post-Brexit market access, says Committee

27 January 2018

The EU Financial Affairs Sub-Committee reports on their inquiry into Brexit: the future of financial regulation and supervision. Graham Bishop took part in the inquiry as a Witness.

The report highlights the risks of market fragmentation and instability if the UK and EU cannot agree a deal on market access once the UK has left the bloc. The Government must urgently clarify what outcome it wants from phase two of Brexit negotiations and on transitional arrangements, or firms will be forced to activate costly and potentially irreversible contingency plans. [...]

Key findings

Full press release

© House of Lords