Brexit

• Autor(a) principal: Alves, Andreia Sofia Ventura
• Data de Publicação: 2019
• Tipo de documento: Dissertação
• Idioma: por
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/94331
• topic: Artigo 50; Brexit; União Europeia; Reino Unido; Regulação; Supervisão; Mercados Financeiros; Espaço Económico Europeu; Acordo de Livre Comércio; Organização Mundial do Comércio; Article 50; European Union; United Kingdom; Regulation; Supervision; Financial Markets; European Economic Area; Free Trade Agreement; World Trade Organization; Direito

The triggering of the Article 50 of the Treaty on European Union, on March of 2017, officialised the withdrawal of the United Kingdom from the European Union and formalized it before the rest of the world. After that and given the current interdependence and interconnection among the world's economies, Brexit represents another economic shock, with a global contagion effect, extending it beyond British borders. This document is intended to clarify the likely impact of the exit of the United Kingdom from the European Union in the Financial Markets Regulation and Supervision sector, taking into account the "special status" that the country has inside the common bloc and the particular characteristics that make the city the main financial center of Europe. The complexity of the subject and the slowness of the negotiation process have contributed to the successive postponements of the effective date of Brexit so that uncertainty still has a significant expression in the political discussion. Without exhausting the possible options for negotiating the exit agreement, three scenarios are presented which can be part of the final agreement along with the inevitable costs and potential benefits associated. As a result, none of the raw options - being part of the European Economic Area, negotiating a Free Trade Agreement with the EU or being subject to World Trade Organization laws - guarantee the same level of access to the single market as the one that the United Kingdom currently enjoys, nor even restores its full regulatory and economic sovereignty. The Brexit may have been the result of an old desire for the recovery of political independence, but perhaps it was only pointed as a momentary impetus that was miscalculated, since the result of a new referendum would be the opposite.