Afme calls for equivalence changes ahead of Brexit negotiations

By Jasper Cox
14 Jan 2020

The Association for Financial Markets in Europe (Afme) has proposed changes to the European Union’s equivalence framework. While its report is framed as dealing with the framework in general, rather than specifically with the UK after Brexit, many of its proposals would make an equivalence agreement with the exiting state easier to reach if enacted.

In the report, Afme, the lobbying group for wholesale financial markets, proposes that the process of granting, monitoring and withdrawing equivalence should be more transparent. It says equivalence assessment should be concentrated on the alignment of regulatory and supervisory outcomes. And it wants decisions to provide stability and certainty ...

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