GC has collaborated with UK Finance to produce a comprehensive strategic overview of how the UK might define a trade policy for financial services. The UK and international trade in financial services report:
- Goes back to the basic realities of financial services trade to define the tools and approaches available to UK trade policymakers in this key area;
- Considers why FTAs have in the past proven a limited tool for supporting financial services trade, and where these limitations might be overcome in some ways in UK FTAs;
- Argues for the key role of regulatory diplomacy in deepening openness in financial services trade and addressing the kinds of trade irritants that affect many financial services exports.
- The report offers a series of practical recommendations for UK policymakers but these are relevant for policymakers anywhere considering trade in financial services.
You can download the report here.
You can hear report author and GC Senior Director Stephen Adams and GC Practice Lead for Financial Services Rebecca Park discuss the report and its implications for the future EU-UK relationship below.