In this Insurance Institute of London (IIL) London Market lecture James Screen and Jaya Choraria, HMT officials responsible for the international financial services, will set out the government’s plans for financial services trade in the context of Brexit, and the implications and relevance for insurance in particular.
Upon leaving the EU, the UK will have a new set of tools and responsibilities to support financial services trade and investment. These include Free Trade Agreements (which cover all sectors of the economy), and bespoke tools for financial services, such as agreements between regulators. HM Treasury is working with the industry and regulators to support the government’s international trade priorities.
By the end of this lecture members would have gained an insight into:
• Government’s plans for financial services trade and investment
• The range of tools available to the government
• Priority jurisdictions for the Treasury
• The implications for the insurance sector