BRRD II: UK urged to avoid ‘substantial divergence’ from EU law

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BRRD II: UK urged to avoid ‘substantial divergence’ from EU law

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Chancellor of the Exchequer Rishi Sunak leaves 11 Downing Street in central London to announce the Spring Statement in the House of Commons on 11 March, 2020 in London, England. (Photo by WIktor Szymanowicz/NurPhoto) | WIktor Szymanowicz/NurPhoto/PA Images

A financial markets legal charity has warned the UK against diverging from EU law through its transposition of the Bank Recovery and Resolution Directive (BRRD II), arguing that significant changes could increase the ‘operational burden’ on firms after Brexit.

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