Europe’s regulatory challenges seen increasing in wake of ‘Brexit’
Mifid and EBA may be key areas of interest
The UK has worked closely with the European authorities on tightening banking regulation since the global financial crisis of 2008 and the subsequent eurozone sovereign debt crisis. Its vote to leave the EU is seen as presenting problems for the regulation of the European banking sector.
Perhaps contrary to the reputation of the UK as a bastion of laissez-faire, most of the UK's contributions to drafting European banking regulation have been to toughen rather than weaken banking regulation, one
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