Article preview: Bank of England governor Andrew Bailey has warned that the UK should not blindly accept EU financial services rules, just to gain better access to the European market. Speaking earlier this week, Bailey reflected on the 6 billion euros worth of European daily share trading that has left London in the first week since the start of the new trade deal. He told a committee of MPs that the UK should not become a mere “taker” of EU rules in return for access to their market.
Financial services equivalence in 2021?
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This 563-word blog post looks at the future relationship for financial services access between the UK and EU, based on comments made this week by Bank of England governor Andrew Bailey. Written on 8th January 2021.
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