ARTICLE
6 April 2020

Barney Reynolds Interviewed By Ian King Live On Sky News (Video)

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A&O Shearman

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A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
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:
European Union Finance and Banking

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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