Ten years after the Brexit referendum, Europe’s geopolitical and economic environment has shifted, creating a meaningful opportunity to reset the UK–EU relationship in financial services. 

Despite political separation, the UK and EU remain deeply interconnected financial markets. However, this interdependence sits alongside an institutional relationship that is weaker than it should be. Financial services have not been treated as a strategic priority at the annual UK‑EU Leaders’ Summit, and some post‑Brexit policy choices have created costs that deeper UK-EU financial services coordination could help avoid. The broader political reset now underway offers a genuine chance to reshape the relationship. 

This report sets out a vision for a strategic UK–EU financial services partnership that benefits firms across both jurisdictions. By working together, the UK and EU can strengthen their global influence, enhance their competitiveness and build a more resilient financial ecosystem for Europe’s long‑term prosperity. The UK should pursue this in a way that strengthens its position as a global financial centre, built on deep bilateral ties across many jurisdictions. Closer UK–EU cooperation complements that global outlook, and should be structured to preserve regulatory autonomy on both sides of the Channel. 

Our report’s roadmap outlines a sequence of short, medium and long-term proposals to achieve this. The initial proposals are deliberately focused on actions that are both credible in the near term and essential to unlocking more ambitious outcomes in the future. By delivering visible progress early on, the roadmap is designed to build confidence, reinforce trust, and lay the groundwork for deeper and more durable cooperation over the longer term. 

Marsha de Cordova MP, Co-Chair, UK–EU Parliamentary Partnership Assembly | Chair, UK Delegation said:

This report sets out a long-term vision for a more productive, more stable and more mutually beneficial UK–EU financial services relationship. It is a vision grounded in shared economic interest: both the United Kingdom and the European Union have placed growth at the heart of their policy agendas. Collaboration between partners only adds to this agenda, unlocking potential and boosting global competitiveness.