.... Those hopes now look forlorn: indeed, the City’s biggest lobby group, TheCityUK, served notice that it was giving up the fight for such privileges back in January. Given that Britain has said that it wants to leave the single market, the EU was hardly likely to allow the UK to retain one of that market’s lucrative elements, and the search for a possible substitute has now focused on so-called “equivalence”: arrangements for certain kinds of financial trading
to continue, if the EU agrees that Britain’s regulations are in line with its own. ...
[Read full article on Guardian
Friday 11th of August 2017 05:00:49 AM