Reference : Brexit and the battle for financial services

	Document type :	Scientific journals : Article
	Discipline(s) :	Law, criminology & political science : Political science, public administration & international relations
	Focus Areas :	Finance
	To cite this reference:	http://hdl.handle.net/10993/35854

Title :	Brexit and the battle for financial services
Language :	English
Author, co-author :	Howarth, David [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE) >]
	Quaglia, Lucial [University of Bologna]
Publication date :	May-2018
Journal title :	Journal of European Public Policy
Publisher :	Routledge
Volume :	25
Issue/season :	8
Special issue title :	The Politics and the Economics of Brexit
Pages :	1118-1136
Peer reviewed :	Yes (verified by ORBilu)
Audience :	International
ISSN :	1350-1763
e-ISSN :	1466-4429
Keywords :	[en] Brexit ; Financial Services ; Banks ; European Union ; France ; Germany ; European Single Market
Abstract :	[en] This paper analyses the policy developments concerning the Single Market in finance in the context of Brexit. Theoretically, we engage with two bodies of work that make contrasting predictions on European financial market integration and the development of European Union (EU)policies on financial regulation: on focused upon a neo-mercantilist ‘battle’ amongst member states and the other stressing the importance of transnational financial networks (or coalitions). Empirically, we find limited evidence of the formation of crossnational alliances in favour of the United Kingdom (UK) retaining broad access to the EU Single Market in financial services, the presence of which would have aligned with the expectations of analyses focused upon transnational networks. By contrast, the main financial centres in the EU27 and their national authorities competed to lure financial business away from the UK — what we explain in terms of a ‘battle’ amongst member states and their national financial centres.
Target :	Researchers ; Professionals
Permalink :	http://hdl.handle.net/10993/35854
DOI :	10.1080/13501763.2018.1467950
Other URL :	https://www.tandfonline.com/doi/full/10.1080/13501763.2018.1467950

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