Banking Union and Brexit: the challenge of geography

Schammo, P.

Banking Union and Brexit: the challenge of geography

Schammo, P.

Authors

Professor Pierre Schammo pierre.schammo@durham.ac.uk
Professor

Contributors

G. Lo Schiavo
Editor

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

Acceptance Date	Dec 4, 2018
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
Publisher URL	https://www.e-elgar.com/shop/the-european-banking-union-and-the-role-of-law