Page 40 - Treasury Select News Today

Blog Blog Blog Blog 11 Jan, 2021 Author Jon Rees Bank of England Governor Andrew Bailey has said a deal with the European Union on financial equivalence that left the U.K. as a financial regulatory rule-taker would not be worth having. Bailey told parliamentarians that if the EU demanded that the U.K. follow its regulatory rules entirely in return for an agreement on equivalence, whereby it judges the U.K. financial rules equivalent to its own and so ...

3 Min Read LONDON (Reuters) - The European Union is unlikely to grant broad access for the City of London, and the flight of euro share trading from Britain to the bloc is permanent, UK bankers said on Monday. FILE PHOTO: A general view of London is seen from the construction site of 22 Bishopsgate in London, Britain June 25, 2019. Picture taken June 25, 2019. REUTERS/Hannah McKay Britain left the EU’s single market and customs union on Dec. 31 and a trade deal agreed by both sides does not c...

THE governor of the Bank of England has said that it is “problematic” that the European Union wants information on what regulations the UK wants to change in the future. Andrew Bailey was speaking of the demand for so-called “equivalence” which ensures UK and EU rules are in line. Without it, the EU could block UK based companies from selling services in Europe. “I’m a strong supporter of open markets. I fail to see why people would want to close themselves off from open mar...

The governor of the Bank of England has said that it is “problematic” that the European Union wants information on what regulations the UK wants to change in the future. Andrew Bailey was speaking of the demand for so-called “equivalence” which ensures UK and EU rules are in line. Without it, the EU could block UK based companies from selling services in Europe. “I’m a strong supporter of open markets. I fail to see why people would want to close themselves off from open markets,”...

At last, after four and a half years of brinkmanship and tortuous negotiations, we have a post-Brexit trade deal – for better or for worse. Although not all the is have been dotted and not all the ts crossed, it means that we can now head into the New Year with a little bit more confidence in our economys prospects than appeared to be the case a week ago. Perhaps, the deal will prevent in the future the sort of disruption we saw at Dover. For better... or for worse: The Brexit deal will drive...