Brexit poses a profound challenge to the economic fortunes of the City of London. Recognising this, the UK financial sector campaigned for a Remain vote in the June 2016 EU referendum, and has subsequently lobbied for a "soft" Brexit policy to guarantee continued access to the EU's single...

The Basel III Accord was the centerpiece of the international regulatory response to the global financial crisis, setting new capital requirements for internationally active banks. This paper explains the divergent preferences on Basel III of national regulators in three countries that...