Relationships between the EU and third countries concerning financial services regulation and supervision

The dossier concerns relationships between the EU and third countries on financial services regulation and supervision. Amendments distinguish equivalence, passporting rights and mutual recognition, note third-country provisions giving the Commission discretion, debate equivalence as a tool against regulatory arbitrage, raise concerns about concentration in financial centres, the role of the European Supervisory Authorities, parliamentary scrutiny, and the impact of the UK's withdrawal (Brexit).