Mon. Jul 15th, 2024

The UK enters the post-Brexit period with a regulatory framework that is closely aligned with that of the UK, and stronger in some areas. This paper highlights that the changes in regulatory strategy and the institutional framework that have been announced by the UK will make its bank regulation more responsive, and greater use of proportionality the sector will become more competitive. Competition for EU banks in international markets will intensify, though not due to an erosion of regulatory standards.

Source: In-Depth Analysis – UK banks in international markets-Implications of UK-euro area divergence in regulation and supervisory practice – PE 689.438 – Committee on Economic and Monetary Affairs

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