City of London boost after Australia’s PM urged EU not to punish UK’s financial sector

Australia trade deal 'won't be a lowering in standards' says expert SUBSCRIBE Invalid email We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Lord David Frost said the City of London needs to "get on and do its own thing" after Brexit, as he suggested equivalence might be unlikely. The Brexit minister also told a House of Lords committee that Brussels will continue to take decisions on equivalence that are "in their interest". UK financial firms lost their wide ranging access to EU markets when the Brexit transition period came to an end on December 31 and now have to navigate a patchwork of regulations from member states. Related articles Sturgeon rumbled as maps debunk Brexit's link to independence EU forced Australia to put trade talks with UK on ice The only way the City of London can regain its pre- Brexit access to the EU is if Brussels unilaterally grants regulatory equivalence. However, the bloc believes the UK is destined to diverge from its financial services regulations and… Read full this story

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City of London boost after Australia's PM urged EU not to punish UK's financial sector have 312 words, post on www.express.co.uk at May 21, 2021. This is cached page on Vietnam Art News. If you want remove this page, please contact us.