Passporting and Political risk: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Create the page. PRA webpage http://www.bankofengland.co.uk/pra/Pages/authorisations/passporting/default.aspx)
 
imported>Doug Williamson
(Add quote from The Treasurer March 2017, p17.)
 
Line 1: Line 1:
''European Economic Area (EEA) - financial services.''
The risk of adverse consequences arising from the actions of governments or of governmental agencies.


Passporting is the right of financial services firms in the EEA to carry on permitted activities in other EEA states.


Notification to - and approval by - the regulator are required for both inward and outward passporting.
The term may also extend to the consequences of the failure of government, or of a regime change.
 
This wider concept is sometimes known as '[[geopolitical risk]]'.
 
 
<span style="color:#4B0082">'''''Promising outlook despite populism risks'''''</span>
 
:"Despite serious political risks linked to populism on both sides of the Atlantic, the growth outlook looks very promising indeed."
 
:''The Treasurer magazine, March 2017, p17 - Kallum Pickering, senior UK economist, Berenberg Bank.''
 




== See also ==
== See also ==
* [[Brexit]]
* [[Country risk]]
* [[European Economic Area]]
* [[Redenomination risk]]
* [[European Union ]]
* [[Event risk]]
* [[Free movement of labour]]
* [[Geopolitical risk]]
* [[Prudential Regulation Authority]]
* [[Populism]]
* [[Schengen Area]]
 
* [[Single Market]]
[[Category:Financial_risk_management]]

Revision as of 15:01, 13 March 2017

The risk of adverse consequences arising from the actions of governments or of governmental agencies.


The term may also extend to the consequences of the failure of government, or of a regime change.

This wider concept is sometimes known as 'geopolitical risk'.


Promising outlook despite populism risks

"Despite serious political risks linked to populism on both sides of the Atlantic, the growth outlook looks very promising indeed."
The Treasurer magazine, March 2017, p17 - Kallum Pickering, senior UK economist, Berenberg Bank.


See also