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Sep 21, 17
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UK to diverge from EU on financial services rules after Brexit…………

UK to diverge from EU on financial services rules after Brexit…………

UK to diverge from EU on financial services rules after Brexit

Today, the Financial Times reported the UK government has told the financial services industry that Britain will seek to develop a distinct regulatory framework from the EU after Brexit in an effort to secure a long term competitive advantage for banks, fund managers and insurers.  Senior representatives from the financial services industry, who met Brexit secretary David Davis last week, were told that during a transition period immediately after Brexit the government would try to ensure the sector saw benefits from a “standstill” deal with all existing cross-border agreements remaining in place. However, Mr Davis believes that if Britain maintained the same regulatory framework for financial services as the EU in the long term — without having any influence over its composition — this would erode any competitive advantage the UK-based industry would gain from Brexit.

More on this to be discussed at the November 15th conference.

Corporate Treasury & Cash Management Conference 2017
Wednesday 15th November – Croke Park Stadium, Dublin, Ireland