Like many Brexit related topics, the debate around the future of financial services can be frustratingly arcane, dominated by jargon and special pleading.

Paul Edmondson, partner in the financial services team at law firm CMS explained the principles set out in our paper, “A new UK/EU relationship in financial services”.  Paul was joined on the panel by liberal democrat peer Baroness Sharon Bowles, speaking from her experience of EU FS regulation in her time in the European Parliament.  Baroness Bowles sounded a note of caution on what can be done within the rules of the single market, but stressed that a transitional arrangement is in the EU’s interests as they seek to build capacity to compete with the UK.

Listen to clips from the event here