Changing times: Brexit's impact on the EU's financial services market | Dentons
8 (a plan that has been proposed since 2016 ). 9 At a Treasury Select Committee meeting on February 24, Andrew Bailey, Bank of England Governor, warned the EU of what he considers to be a very serious escalation over UK financial services, and added that “there’s a point beyond which the deal is not worth having”. The temporary equivalence for UK clearing houses and CCP to be able to clear euro denominated trades ends mid-2022. February 2021 has therefore shown that the sensitivities on financial services still continue post-Brexit. For all types of financial services firms, regardless ...