On 23 June 2016 the British people will have to decide whether ‘the United Kingdom [should] remain a member of the European Union or leave the European Union’. The basis for the referendum is a decision of the Heads of State or Government of the 28 EU Member States concerning a ‘new settlement for the United Kingdom within the European Union’.
One of the core issues of the negotiations preceding the new settlement revolved around financial market regulation and the Banking Union. The first section of the ‘new settlement’ deal addresses consequently a number of aspects relating to economic and financial governance. The impact of the entry into force of these parts of the deal in case the UK stays in the EU on future financial market regulation appears at least to be unclear. It is worth mentioning at this point that the ‘new settlement’ does not create special rules for the UK but addresses all EU Member States.
Furthermore, from an economic perspective, the UK leaving the EU will affect the economic situation in the UK as well as in the EU but it is controversial in which way a possible ‘Brexit’ will alter it.
The Brussels EURO-CEFG expert dialogue wants to discuss these points in its next edition. Against the background of EURO-CEFG’s interdisciplinary approach, we invite with Jacob Nell (Chief UK Economist of Morgan Stanley) and Kern Alexander (Professor of Law and Finance, University of Zürich) two outstanding experts in economics and in law that can give some guidance in this discussion. The dialogue will amongst others address the following questions:
- What will be the impact of the UK leaving the EU for the UK economy as well as for the EU economy?
- What will be the impact of the ‘new settlement’ on the existing economic and financial governance framework in case the UK remains in the EU?
- What does the ‘new settlement’ mean for future modifications to the existing economic and financial framework?
Participation in this event is invitation-only.
Credits for the image: Bas van der Schot.