Source · Select Committees · Treasury Committee
Recommendation 6
6
Acknowledged
The UK’s exit from the European Union has had an impact on the UK’s ability...
Conclusion
The UK’s exit from the European Union has had an impact on the UK’s ability to export financial services to the EU. However, it remains the case that the UK still has many competitive strengths as a global financial services centre. Brexit has served as a catalyst for a renewed focus on the competitiveness of the UK’s exports, including financial services. (Paragraph 45) 54 Future of financial services regulation
Government response summary AI-generated
The government acknowledges the impact of Brexit on financial services exports but notes the UK's competitive strengths and the focus on competitiveness. It highlights tools for market access, regulatory cooperation, equivalence regimes, and FTAs.
Government Response
The government responded to this report on 7 September 2022. No passage in that response could be matched to this conclusion. Read the response document ↗