Article preview: Is the European Union planning to cut the UK off from its financial markets? That’s the warning from Bank of England governor Andrew Bailey, who said the City is keen to reach an agreement over financial rules, but will not be ‘dictated’ to by the EU. Speaking at his annual Mansion House speech, held virtually this year, Bailey explained that the UK and EU are working towards the March deadline to agree a so-called ‘equivalence’ regime to recognise each other’s financial services regulations.
UK and EU continue to do battle over financial services equivalence
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This 389-word blog post looks at highlights from Bank of England governor Andrew Bailey’s Mansion House speech, talking about progress with EU negotiations around financial services regulation equivalence. Written on 11th February 2021.
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