During March 2021, the UK and EU completed technical discussions on a Memorandum of Understanding on financial services. The MoU sets out a framework for regulatory cooperation and establishes a Joint UK-EU Financial Regulatory Forum for dialogue and information sharing. In a recent interview, former head of the EC’s Brexit Taskforce, Michel Barnier, emphasized [...]
A new EU leadership, which will set the priorities of the future Commission and Parliament until 2024, is taking shape. Commission President-Elect, Ursula von der Leyen, will assume office on 1st November. Her political priorities in a potential post-Brexit EU include: Europe's first ever Climate Law to enshrine its target of being the world's first [...]
The European Court of Justice (ECJ), on 10 December, ruled that the UK may unilaterally withdraw its notification to leave the EU without having to seek approval from the other EU Member States. The Court clarified that the UK could thus remain in the EU ‘under terms that are unchanged as regards its status [...]
Brexit will have ‘unfortunate consequences’ for all consumers in the retail financial sector both in the UK and rest of Europe. Despite safeguards by EU and UK in the withdrawal agreement, many consumers would remain unprotected following the UK’s departure. This was one of the key conclusions of a recent workshop with business and [...]
