European Union:
Barney Reynolds Interviewed By Ian King Live On Sky News (Video)
06 April 2020
Shearman & Sterling LLP
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Partner Barney Reynolds (London-Financial Institutions Advisory
& Financial Regulatory), was interviewed by Ian King Live on
Sky News following the release of his latest
paper Managing Euro Risk: Saving Investors from Systemic
Risk. In the live interview, Barney highlights how the
U.K.'s departure from the European Union exposes systemic flaws
at the heart of the Eurozone.
In his latest paper, together with Cass business school
professor and economist David Blake and international bank
accounting and financial analysis consultant Robert Lyddon, Barney
demonstrates how hidden systemic flaws in the EU's financial
system have the potential to trigger a global financial crisis. He
calls for Brexit negotiators to strike an agreement – based
on 'Enhanced Equivalence' - which allows the U.K. to
continue to protect the global financial system from the inherent
problems of Eurozone debt. Barney first proposed enhanced
equivalence in detail in "A Template for Enhanced
Equivalence: Creating a Lasting Relationship in Financial Services
Between the EU and the UK," Politeia, July 2017.
It was subsequently adopted by the U.K. government, forming the
basis of its proposed model for UK – EU trade in financial
services post-Brexit.
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