UK government lays out plans for City post-Brexit

The UK government has revealed its position on the future of financial services after the UK leaves the European Union, which falls short of the passporting rights that banks have now but would be stronger than the existing third country equivalence regime in place by the EU.

  • By Sam Kerr
  • 12 Jul 2018

The much anticipated white paper on Brexit reveals that the “UK can no longer operate under the EU’s passporting regime” given that this was intrinsic to the Single Market which Theresa’s May’s government has pledged to leave.

The white paper recognises that the EU does have provisions ...

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