A Decade After Brexit: Navigating the New Age of Barriers in European Finance Issues

Éditeurs invités

• Steven Ongena, University of Zurich
• Nam Vu, Miami University
• Kiet Tuan Duong, University of York
• Luu Duc Toan Huynh, Queen Mary University of London
• Povilas Lastauskas, University of Cambridge
• Tapas Mishra, University of Southampton

Synthèse

A decade after the Brexit referendum, the financial landscape has shifted dramatically amid rising protectionism, geopolitical tensions, and fragmented global trade. This special issue examines how the UK's departure from the EU exemplifies a broader trend toward economic nationalism and financial fragmentation, with implications for how financial institutions and markets adapt to structural economic separation and regional blocs.

Recent policy developments, including renewed US trade tariffs and broader retreat from multilateralism, have intensified uncertainty around corporate finance, cross-border investment, and international coordination. The special issue seeks research exploring the long-term effects of Brexit and trade barriers on financial markets, the impact on credit access and banking systems, industrial policy responses, regulatory approaches, and changes in corporate governance and household financial behaviour.

Thèmes proposés

• The long-term effects of Brexit on UK and EU financial markets and financial services a decade after withdrawal
• The macro-financial implications of Trump 2.0 trade policies for the UK, particularly in the context of renewed tariff regimes affecting British exports and imports and their global financial spillovers
• The broader impact of overlapping trade barriers—including economic sanctions and retaliatory trade measures—on equity and debt markets
• Regional disparities and financial inequalities in credit access and banking systems exacerbated by trade and financial fragmentation
• The resurgence of industrial policy and its effectiveness in promoting financial resilience under conditions of reduced international integration
• Institutional responses and the capacity of international and regional organisations to mediate and stabilise an increasingly fragmented economic and financial order
• Disparities in syndicated lending between UK and European lenders and borrowers, with particular attention to sustainable finance
• The role of regulation and policymaking in reconnecting, or further decoupling, British and European financial systems
• Barriers to financial technology diffusion following Brexit and the practical implementation of Brexit since 2020
• Financial behaviour and household finance (e.g., financial flows, savings, investment decisions, overreactions, and reversal effects) ten years after Brexit
• Changes in corporate governance among British and/or European firms, particularly shifts in board composition and the associated financial consequences