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Schuman Centre’s Seminar Series: Brexit: EU & UK Financial Services in the Age of Uncertainty

Dates:
  • Wed 09 Oct 2019 16.30 - 18.00
  Add to Calendar 2019-10-09 16:30 2019-10-09 18:00 Europe/Paris Schuman Centre’s Seminar Series: Brexit: EU & UK Financial Services in the Age of Uncertainty

London is home to Europe’s largest and most integrated capital market and the major hub for non-bank capital and funds management. The EU is the UK’s biggest customer of financial services. With the UK leaving, London will be outside the EU’s regulatory purview which raises significant questions of policy as to how EU future capital markets activities should be managed and regulated. Will London become a “regulatory-lite’’ offshore financial competitor to the EU? This policy uncertainty also extends to investors and financial firms increasingly inured to the protracted process of disengagement from the EU. UK financial conditions have loosened materially as a result of Brexit and will remain uncertain and volatile with the outlook continuing to hinge on the nature of the EU withdrawal. Among the issues to be considered are how financial firms are practically preparing to leave, are EU institutions ‘’consciously uncoupling’’ London as a financial centre from the EU and will Brexit contribute to the dispersal/relocation of financial services across Europe. Dr Jean-Jacques van Helten is Visiting Fellow at the Florence School of Banking & Finance, Schuman Centre, and formerly the Managing Director & Chief Risk Officer, EMEA at the Bank of Montreal (BMO) Financial Group, one of Canada’s largest banks. For well over thirty years he has worked in a range of senior executive risk management, capital markets & corporate lending roles in major investment banks in Australia, Hong Kong, the Netherlands and the United Kingdom. Chair: Helen Callaghan

Sala Triaria DD/MM/YYYY
  Sala Triaria

London is home to Europe’s largest and most integrated capital market and the major hub for non-bank capital and funds management. The EU is the UK’s biggest customer of financial services. With the UK leaving, London will be outside the EU’s regulatory purview which raises significant questions of policy as to how EU future capital markets activities should be managed and regulated. Will London become a “regulatory-lite’’ offshore financial competitor to the EU? This policy uncertainty also extends to investors and financial firms increasingly inured to the protracted process of disengagement from the EU. UK financial conditions have loosened materially as a result of Brexit and will remain uncertain and volatile with the outlook continuing to hinge on the nature of the EU withdrawal. Among the issues to be considered are how financial firms are practically preparing to leave, are EU institutions ‘’consciously uncoupling’’ London as a financial centre from the EU and will Brexit contribute to the dispersal/relocation of financial services across Europe. Dr Jean-Jacques van Helten is Visiting Fellow at the Florence School of Banking & Finance, Schuman Centre, and formerly the Managing Director & Chief Risk Officer, EMEA at the Bank of Montreal (BMO) Financial Group, one of Canada’s largest banks. For well over thirty years he has worked in a range of senior executive risk management, capital markets & corporate lending roles in major investment banks in Australia, Hong Kong, the Netherlands and the United Kingdom. Chair: Helen Callaghan


Location:
Sala Triaria

Affiliation:
Robert Schuman Centre for Advanced Studies

Type:
Seminar series

Speaker:
Jean-Jacques van Helten
 
 

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