The Impact of Brexit on the UK and the EU’s Financial Regulation Essay (Essay Sample)

The Impact of Brexit on the UK and the EU’s Financial Regulation
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Introduction
The UK is the largest financial centre in the EU (Busch & Matthes, 2016). London is recognized as the international financial centre with a broad range of international banks and other financial service providers. Both the EU and the non-EU financial institutions use the UK as the financial hub to serve other EU markets (Coulter & Hancké, 2016). When the UK announced its plans of exiting the EU by the year 2016, there was a major concern among the financial players regarding the future of the financial sector in the Eurozone. This essay’s core aim is to evaluate the impacts of the Brexit on the UK and the EU’s financial regulation. The essay is structured into six key sections in which the first section introduces the topic and provides the essay’s structure. The brief background of the Brexit is provided in the second section. The snapshot of the UK and EU’s financial regulations are provided in the third section. The fourth and fifth sections provide the impacts of the Brexit on the UK and EU’s financial regulations respectively. A comprehensive summary of the essay is provided in the last section