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Brexit, Covid‐19, and Possible Frameworks for Future UK/EU Financial Governance Cooperation
The EU project is at an inflection point. Intra‐EU alliances are altering following the UK's departure, the EU's financial markets remain segmented, and there is limited appetite for completing the Banking Union. The second stage of Brexit negotiations also collided with the Covid‐19 pande...
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
John Wiley and Sons Inc.
2021
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8441928/ https://www.ncbi.nlm.nih.gov/pubmed/34538932 http://dx.doi.org/10.1111/1468-2230.12650 |
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author | Howell, Elizabeth |
author_facet | Howell, Elizabeth |
author_sort | Howell, Elizabeth |
collection | PubMed |
description | The EU project is at an inflection point. Intra‐EU alliances are altering following the UK's departure, the EU's financial markets remain segmented, and there is limited appetite for completing the Banking Union. The second stage of Brexit negotiations also collided with the Covid‐19 pandemic, which has strained economies around the world. These issues amount to a ‘polycrisis’ for the EU, raising existential questions about its future. This article focuses on one strand of the debates generated within this polycrisis: future UK/EU policy cooperation with respect to financial governance. The article discusses the importance of the financial services sector to the UK and the EU, and examines potential institutional options for future cooperation. In particular, it advocates harnessing dexterous aspects evident within precedents, including existing EU/third country association agreements, to develop a functional arrangement for future financial governance cooperation, which could also lead to closer UK/EU cooperation than currently appears likely. |
format | Online Article Text |
id | pubmed-8441928 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | John Wiley and Sons Inc. |
record_format | MEDLINE/PubMed |
spelling | pubmed-84419282021-09-15 Brexit, Covid‐19, and Possible Frameworks for Future UK/EU Financial Governance Cooperation Howell, Elizabeth Mod Law Rev Articles The EU project is at an inflection point. Intra‐EU alliances are altering following the UK's departure, the EU's financial markets remain segmented, and there is limited appetite for completing the Banking Union. The second stage of Brexit negotiations also collided with the Covid‐19 pandemic, which has strained economies around the world. These issues amount to a ‘polycrisis’ for the EU, raising existential questions about its future. This article focuses on one strand of the debates generated within this polycrisis: future UK/EU policy cooperation with respect to financial governance. The article discusses the importance of the financial services sector to the UK and the EU, and examines potential institutional options for future cooperation. In particular, it advocates harnessing dexterous aspects evident within precedents, including existing EU/third country association agreements, to develop a functional arrangement for future financial governance cooperation, which could also lead to closer UK/EU cooperation than currently appears likely. John Wiley and Sons Inc. 2021-06-28 2021-11 /pmc/articles/PMC8441928/ /pubmed/34538932 http://dx.doi.org/10.1111/1468-2230.12650 Text en © 2021 The Authors. The Modern Law Review published by John Wiley & Sons Ltd on behalf of Modern Law Review Limited. https://creativecommons.org/licenses/by/4.0/This is an open access article under the terms of the http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited. |
spellingShingle | Articles Howell, Elizabeth Brexit, Covid‐19, and Possible Frameworks for Future UK/EU Financial Governance Cooperation |
title | Brexit, Covid‐19, and Possible Frameworks for Future UK/EU Financial Governance Cooperation |
title_full | Brexit, Covid‐19, and Possible Frameworks for Future UK/EU Financial Governance Cooperation |
title_fullStr | Brexit, Covid‐19, and Possible Frameworks for Future UK/EU Financial Governance Cooperation |
title_full_unstemmed | Brexit, Covid‐19, and Possible Frameworks for Future UK/EU Financial Governance Cooperation |
title_short | Brexit, Covid‐19, and Possible Frameworks for Future UK/EU Financial Governance Cooperation |
title_sort | brexit, covid‐19, and possible frameworks for future uk/eu financial governance cooperation |
topic | Articles |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8441928/ https://www.ncbi.nlm.nih.gov/pubmed/34538932 http://dx.doi.org/10.1111/1468-2230.12650 |
work_keys_str_mv | AT howellelizabeth brexitcovid19andpossibleframeworksforfutureukeufinancialgovernancecooperation |