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Video: The future of financial services post-Brexit, a chat with KPMG’s Kay Swinburne

Kay Swinburne, vice chair of financial services at KPMG UK speaks to bobsguide about how greater capital market fragmentation could hinder the EU’s CMU project and the future of financial services more broadly post-Brexit

  • Aaran Fronda
  • August 10, 2021
  • 1 minute

It has been just eight months since Britain’s transition out of the EU was completed. However, talks between London and Brussels on establishing equivalence for financial services regulation are still ongoing.

In the coming months, several proposals to refine capital markets regulation will be laid out by the EU Commission, while in the UK, the Treasury commissioned an independent review of the domestic fintech sector, in the form of the Kalifa Review, and is consulting on broad themes of capital market reform.

Many market participants hope both sides’ regimes remain closely aligned, but the UK government has made it clear that post-Brexit Britain wishes to push ahead “as a sovereign jurisdiction with its own priorities”.

Joining bobsguide to discuss the future of financial services post-Brexit is Kay Swinburne, vice chair of financial services at KPMG UK.