This is the third in our series of "Brexit Bites" which focuses on Financial Services.

Much of the regulation of financial services in the UK is governed by EU law. This includes the regulation of banks, broker-dealers, insurers and reinsurers, insurance intermediaries, fund managers, mortgage providers and intermediaries, e-money issuers and payment service providers. Therefore, a Brexit would mean that financial institutions with operations crossing UK and EU borders would likely become subject to a new regulatory regime.