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Lingering uncertainty hangs overs the City of London


Lingering uncertainty hangs overs the City of London
Brexit trade deal offers little solace to Britain’s financial hub
29 December 2020 - 09:48 Viren Vaghela
Picture: DAN KITWOOD/GETTY IMAGES
London The trade deal that both sides of the English Channel say reflects a new era of co-operation is essentially a sideshow for the City of London, which is still awaiting its own seal of approval from the EU.
EU officials must rule separately that British financial regulations and oversight are strong enough to create a level playing field. Without that, a steady leakage of business already under way in some areas may become a daily reality for the UK’s finance industry. ....

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AFME Welcomes EU-UK Free Trade Agreement


AFME Welcomes EU-UK Free Trade Agreement
Date
24/12/2020
Following the announcement of the agreement on an EU-UK Free Trade Agreement, Adam Farkas, AFME CEO said:
 
“Today’s announcement of the agreement on an FTA is a significant step forward in the new relationship between the EU and the UK.”
“We hope that this lays the foundation for further cooperation on financial services. It is important that the EU and the UK now urgently put in place outstanding equivalence decisions to mitigate disruption at the end of the transition period and ensure a smooth adaptation to the new relationship.”
  ....

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