Ask a Counsel: Brexit's Impact on Financial Services & the Equivalence System

Brexit has had a significant impact on the UK's financial services industry, with UK-based institutions losing access to the EU's single market.  In this episode, Simon Dodds, Of Counsel at the international law firm Shearman & Sterling, and formerly co-Global General Counsel at Deutsche Bank, describes how UK-based financial institutions operated pre-Brexit and how Brexit has changed that operating model.  Simon considers whether the concept of 'equivalence' might help the UK-based financial services industry and highlights some of the ways in which London can enhance its position as a global financial hub.