Investing.com investing.com 27 Dec, 2020 12:00 am

Brexit offers Britain chance to do financial services differently -minister By Reuters

Brexit offers Britain chance to do financial services differently -minister By Reuters
Brexit offers Britain chance to do financial services differently -minister

Canary Wharf business district in London p LONDON (Reuters) - Brexit offers Britain a chance to do things differently in financial services, finance minister Rishi Sunak said on Sunday, but it will co-operate with the European Union on an approach to the sector despite little detail on the topic in its trade deal.1, British-based financial services groups lose automatic access to the EU's single market, and both sides have said new market access must be negotiated outside the trade agreement in specific equivalence deals."Now that we've left the European Union, we can do things a bit differently (in financial services)," Sunak told broadcasters.Britain and the EU clinched a trade deal on Thursday, but Prime Minister Boris Johnson has admitted it is an accord which does not have as much as he would have liked about the financial services sector and regulatory equivalence.

The two sides will aim to agree a memorandum of understanding on regulatory cooperation in financial services by March 2021, and Sunak said that such language should provide reassurance.British PM sold out fish in Brexit trade deal, fishermen say p LONDON (Reuters) - British fishermen said on Saturday that Prime Minister Boris Johnson had sold out fish stocks to the European Union with a Brexit trade deal that gives EU boats.

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