2/5  BIS central bankers' speeches  After all, the outcome of the Brexit negotiations and the future relationship between the UK and the EU27 will obviously influence the structures in which institutions are able to operate after Brexit. But whatever form Brexit takes, the consequences will shape financial markets for years, and probably decades, to come.
What will Brexit – and the resultant changes in capital flows – mean for the future of the EU27 financial market? Having said that, we have to assume that Brexit will transform financial markets. So the question is what shape the EU27’s financial market will take in future – and which strategy the EU should pursue for the future of its financial markets.