Brexit and Passporting: Future of the London Financial Hub

Abstract

With the upcoming extended deadline for the Brexit, UK political leadership has a major decision to make; How would the London Financial Hub will operate after Brexit? Still being unable to finalise an Agreement with the EU and its member states, UK is being pressured internally for a no-deal Brexit, which will have direct impact on the economy of the Country for the next several years to come. UK has to have regulations, guidelines, licenses and authorities in place by 01st November 2019, in order to put the Country into the pre-EU stage if the Government wishes to exist in the political map of UK.

Keywords: Brexit, EU, UK, London Financial Hub, Passporting, France, Challenges, Brexit models, Licenses, Regulations, EEA, third country, Banking, Wholesale Banking, Euro Bonds, Financial Market, Financial Services, Insurance, Clearing Agents

JEL Classification: K2, K22, K23, K3, K33