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Robert Schuman Centre for Advanced Studies - European University Institute

Recent trends in UK financial sector regulation: any implications for the EU?

Thorsten Beck and Christy Ann Petit reported to the European Parliament.

26 April 2023 | Research

Thorsten Beck and Christy Ann Petit in the European Parliamentort

On 25 April, Director of Florence School of Banking and Finance (FBF) Thorsten Beck together with Assistant Professor at Dublin City University (DCU) Christy Ann Petit, presented their report on recent trends in UK financial sector regulation and possible implications for the EU, at the European Parliament.

This study summarises and discusses recent trends in financial sector legislation and regulation in the UK, divergence between the EU and the UK, and threats from this divergence for financial stability in the EU.

In their report, the authors measure how the UK might change its approach to anti-money laundering and tax evasion as well as to digital finance, green finance, and wholesale markets.

Director Beck and Assistant Professor Petit critically assess the equivalence strategy of the EU towards the UK and options to deepen regulatory cooperation, while ensuring financial stability, market integrity and competitiveness.

A video recording of the presentation is available here.

Last update: 26 April 2023

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