Banking Union and Brexit: the challenge of geography

Schammo, P.

Abstract

At the heart of the discussions on Brexit are issues about the future balance between the mobility and place-dependency of cross-border flows and networks. This chapter examines this issue against the background of the internal market and the Banking Union. It will be shown that both in an internal market context and in a Banking Union context, improvements in crossborder mobility are enabled, supported and controlled by processes of state-EU ‘rescaling’. However, the UK is committed to retreat from the EU level, including from internal market membership. At the time of writing, there is significant uncertainty about what (if anything) will substitute for mobility-enhancing arrangements and for traditional state-EU rescaling that has gone hand in hand with improvements in cross-border mobility. This chapter will discuss developments up until July 2018.

Citation

Schammo, P. (2019). Banking Union and Brexit: the challenge of geography. In G. Lo Schiavo (Ed.), The European Banking Union and the role of law (87-107). Edward Elgar Publishing

• Publication Date: Apr 1, 2019
• Deposit Date: Dec 6, 2018
• Publisher: Edward Elgar Publishing
• Pages: 87-107
• Series Title: Elgar financial law series
• Book Title: The European Banking Union and the role of law.
• Chapter Number: 5
• ISBN: 9781788972017
• Keywords: Brexit, mobility, rescaling, mutual recognition, home country control, host country control, territoriality
• Public URL: https://durham-repository.worktribe.com/output/1656482
• Publisher URL: https://www.e-elgar.com/shop/the-european-banking-union-and-the-role-of-law
• Contract Date: Dec 4, 2018