Capital Movements, Euro Markets and the Role of London
Europe’s Economic and Monetary Union is moving towards fuller integration in many areas, creating common institutions and joint policies for participating countries. As EMU members move towards a more integrated union, where does this leave euro-outs? A banking union, which will bring about closer financial integration in the euro area, is likely to have significant implications for non-euro area member states, especially those with large financial sectors. The implications could be particularly significant for the UK, with London currently playing a leading role in euro-denominated financial markets.
This roundtable will focus on the implications for the euro-outs in terms of capital movements and the provision of financial services, as progress is made towards a banking union and the completion of the single market in financial services. In particular, it will assess the prospects for the City of London, and its role within Europe’s financial markets.
This event will be held under the Chatham House Rule.
This workshop, being the second in the series, forms part of the project 'Towards A Genuine Economic and Monetary Union: The Implications For The UK and 'Euro-Outs'', run in partnership with the European Commission Representation Office in London.