Finance & Trade

UK Draws up Contingency Plans for Brexit

February 21, 2017

Politico reports that Jim Harra, a director general at the UK's revenue and customs agency, has briefed Members of Parliament on contingency plans under development by the British Government for falling back on World Trade Organization rules in case the UK does not reach a favorable customs deal with the EU by the time of Brexit.
US Congress Considers UK Trade Plans

February 14, 2017

At a recent hearing of a US congressional committee on the prospects of a post-Brexit trade deal with the UK, Daniel Hamilton of the Johns Hopkins School of Advanced and International Studies warned that Britain's focus on developing a trade and investment deal with the EU could, along with other factors, delay the progress of similar trade talks with the US.
EU Report Calls for Deal with UK on Finance Access

February 14, 2017

The Guardian reports that an analysis from the European Parliament's committee on economic and monetary affairs calls for the negotiation of a regulatory "equivalence" regime to permit the British financial services sector to maintain access to EU markets after Brexit and to prevent a negative hit to the EU economy after the UK leaves the bloc.
NGO Promotes EU Centralization of Finance Policy

February 03, 2017

The Centre for International Governance Innovation has produced a report calling for the completion of the EU Capital Markets Union and European Deposit Insurance Scheme, which would centralize governance of financial institutions in EU structures, to improve European financial policy.
UK, US Sign Deal on Trade Negotiations

January 30, 2017

During their recent White House meeting, UK Prime Minister Theresa May and US President Donald Trump signed a "U.K.-U.S. Trade Negotiation Agreement" setting up working groups to determine areas that might be addressed by a free trade deal between the countries to be signed "as soon as possible" after the UK departs the EU.
ECB Official Outlines Steps Toward EU Banking Union

January 27, 2017

At a recent conference in Rome, Peter Praet, a Member of the Executive Board of the European Central Bank (ECB), highlighted the mission of the ECB to push the EU to overcome the traditional jurisdiction of national governments over banking rules in order to centralize them at the EU level with a European Banking Union.
Australia Announces Trade Talks with UK

January 25, 2017

Australian Treasurer Scott Morrison has announced that Australia and the UK will begin "preparatory" talks this week on the development of a free trade deal between the countries that will enter into force following the UK's departure from the EU.
UK Plans Post-Brexit Replication of Trade Regime

January 25, 2017

The UK's UN Ambassador in Geneva, Julian Braithwaite, has announced his government's plans to minimize any chance of objections at the World Trade Organization to Britain's trade policy as it departs the EU by, as far as possible, transposing the EU's existing trade arrangements with other countries into UK law.
UK-US Leaders Plan Meeting on Post-Brexit Trade

January 25, 2017

The Telegraph reports that British Prime Minister Theresa May will be the first foreign leader to visit US President Donald Trump following his inauguration ceremonies to discuss building on US-UK working group conversations to form a free trade deal between the countries after the UK leaves the EU.
UK Official Advances Post-Brexit Trade Negotiations

January 24, 2017

Asserting that his country's departure from the EU will permit it to build a "free and open network of commerce and trust" with countries around the world, UK Trade Secretary Liam Fox has announced that he is conducting informal negotiations to establish free trade deals with 12 countries following Brexit.