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Good for Financial Services, Good for the UK Economy – Restoring UK Law

Good for Financial Services, Good for the UK Economy – Restoring UK Law

Monday 8th February, 1pm-2.15pm

  • The Rt Hon Suella Braverman QC MP, Attorney General for England and Wales, Advocate General for Northern Ireland.
  • Baroness Deech DBE, Law Commission, non-executive Board Member; Former Chairman, Bar Standards Board (2009–2014)
  • Lord Thomas of Cwmgiedd PC, Chairman, Financial Markets Law Committee; former Lord Chief Justice of England and Wales
  • The Rt Hon Sir Iain Duncan Smith MP, Chairman, Taskforce for Innovation, Growth and Regulatory Reform (TIGRR); former Secretary of State for Work and Pensions (2010-16)
  • Barnabas Reynolds, Partner and Head of Financial Institutions at Shearman & Sterling LLP

To be chaired by Dr Sheila Lawlor, Politeia’s Founder and Research Director

This year, the UK’s financial services firms have begun to trade under UK law and regulation.    Although the corpus of inherited legislation is significant, certain things are clear.  EU law differs from the common law (and Scots law) tradition of the UK in a number of ways. Each has its own tradition, and each has evolved over time from a different conceptual basis.

Ministers now face the challenge of deciding on the future legal framework for the sector, and the status that EU-inherited law and regulation should have. They will be faced with questions such as:

  •  What principles should guide UK policy as the country seeks to restore UK law? 
  • What is the status of inherited EU law? What should that status be?
  • How should inherited EU law for financial services be approached? Which laws, if any, should go?
  • What should be the basis for the UK’s future legal and regulatory framework for the sector?
  • What reforms are needed for the UK’s new regulatory regime?

At Politeia’s zoom event on Monday 8th February (1pm-2.15pm) guest speakers will consider these and other matters and the broader implications for the future UK law.  The event will mark the publication of Politeia’s new analysis by Barnabas Reynolds, Restoring the UK’s Legal Framework: Freeing the UK’s Global Financial Markets

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