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Brexit: Financial services will thrive on the world stage with access to rich foreign markets


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Financial services will thrive on the world stage with access to rich foreign markets, writes Rachel Kent.
Something has changed in financial services.  The events of the last week have put this beyond doubt. In the aftermath of the Brexit referendum, we were focused on designing a deep and comprehensive relationship with the EU based on alignment. When that was rejected, we hoped for the significantly less comprehensive equivalence determinations. As the Chancellor pointed out, clearly, on Thursday, “that has not happened”. 
At the same time as we continually try to strengthen our ties with the EU following our “long history of co-operation”, we will now also need to look further afield. We will deepen regulatory co-operation with our close allies, the US, to whom we already export $28bn of financial services per year, and we will need a mature and balanced relationship with China and its £40tn market. India and Brazil are also in our eyeline.  ....

United Kingdom , John Glen , Kay Swinburne , Nikhil Rathi , International Regulatory Strategy Group , Future Regulatory , International Regulatory Strategy , ஒன்றுபட்டது கிஂக்டம் , ஜான் க்ளென் , காய் ஸ்வின்பர்ன் , நிகில் ரதி , சர்வதேச ஒழுங்குமுறை மூலோபாயம் குழு , சர்வதேச ஒழுங்குமுறை மூலோபாயம் ,