How Brexit can be used to do financial services differently

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How Brexit can be used to do financial services differently

Brexit offers a chance to do things differently in financial services in Britain. It was said by the finance minister Rishi Sunak on Sunday, December 27th, but a trade deal with the European Union gives reassurance that there will be co-operation on the regulatory approach to the sector.

“Now that we’ve left the European Union, we can do things a bit differently (in financial services),” Sunak told broadcasters.

“But this deal also provides reassurance because there’s a stable regulatory co-operative framework mentioned in the deal, which I think will give people that reassurance that we will remain in close dialogue with our European partners when it comes to things like equivalence decisions.”

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Source : Reuters

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