Norway shows why the UK won’t get a good bespoke deal on financial services post-Brexit
An insightful piece by Morten Kinander, professor, dr.juris at the Norwegian Business School, BI, and a guest contributor to the Oxford Business Law Blog. Morten explains the difference between the UK using an 'equivalence' model of access to the EU market for financial services, or a more nuanced approach.
As seems to become clearer as time passes, there might not be too many alternatives for the UK’s financial sector if the UK wishes to gain access to the single market post-Brexit. In fact, the EU recently rejected many of the solutions that the UK still clings to when it finally granted Norway permanent access to the markets. Judging from that experience, the EEA solution presents itself as the least unrealistic of the UK’s options.