UK paves way for Brexit divergence

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By Jasper Cox
24 Jun 2020

The UK government and regulators are looking at ditching some of the specifics of EU financial regulation — encompassing banks, insurers and capital markets — as the country looks ahead to its post-Brexit future.

Chancellor of the exchequer, Rishi Sunak, said on Tuesday that while in general the government wanted to implement reforms that are imminent in a way that is consistent with the EU and other international jurisdictions, where relevant, “naturally there will be some defined areas where it is appropriate ...

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