Improving Global Financial Services Regulation

52 Pages Posted: 4 Jun 2021

See all articles by Shanker Singham

Shanker Singham

Institute of Economic Affairs (IEA)

Catherine McBride

Institute of Economic Affairs (IEA)

Date Written: May 4, 2018

Abstract

As the most globally active financial services provider, the UK has the potential to be a key player in helping to develop a more efficient international regulatory framework after it leaves the EU. All entities that have efficient and attractive financial services offerings will benefit from having better global financial services regulation. The UK financial services industry is a major component of its economy. In 2016, UK financial services contributed 6.7% of the total UK GVA1, provided 3.1% of all jobs in the UK and generated a trade surplus of £68bn2 in the finance and insurance sectors.

Keywords: UK, Britain, Brexit, financial services, finance, regulation, government regulation

JEL Classification: L51, G18, G28, G38, G15, F36

Suggested Citation

Singham, Shanker and McBride, Catherine, Improving Global Financial Services Regulation (May 4, 2018). Institute of Economic Affairs Discussion Paper 88, Available at SSRN: https://ssrn.com/abstract=3853654 or http://dx.doi.org/10.2139/ssrn.3853654

Shanker Singham (Contact Author)

Institute of Economic Affairs (IEA)

2 Lord North Street, Westminster
London, SW1P 3LB
United Kingdom

Catherine McBride

Institute of Economic Affairs (IEA) ( email )

2 Lord North Street, Westminster
London, SW1P 3LB
United Kingdom

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