Passporting is a fundamental way in which the EU does business. It defines an important set of benefits open to members of the EU, and passporting rights are not generally made available to 3rd party states. The UK will become a 3rd party state after a Hard Brexit, and hence lose almost all of these advantages it...Read More

As Theresa May’s Conservative government and the European Union prepare negotiating positions for a future post-Brexit relationship, the UK’s financial services trade with the EU’s Single Market looks set to become a key battleground in upcoming talks.  Alongside Brexit negotiations, the European Commission has announced its intentions to complete a Capital Market Union that will...Read More

In the wake of the recent Irish debt crisis, the UK Coalition government decided not to take part in a new rescue fund for troubled eurozone members, suggested by France and Germany. This decision comes in spite of the UK’s pledge to support the EU-IMF rescue efforts for Ireland through a bilateral loan of more...Read More

Gordon Brown, in his narrative of the banking crisis (‘Nothing short of chronic recklessness powered by unchecked greed…’, 7 December), portrays himself as the man who got angry with the bankers, but the question remains: is he redressing the power balance between national states and a globalised financial system? For Brown, the postmortem on Lehman...Read More