Bankers Talk of Being Sold Out as London Waits for Its Own Brexit Deal With Brussels

Bankers Talk of Being Sold Out as London Waits for Its Own Brexit Deal With Brussels

By Joumanna Bercetche
April 6, 2021, CNBC

Despite a breakthrough last month, London-based bankers are nervously waiting for Britain and Brussels to agree on a post-Brexit relationship for their financial services industries.

The UK and the EU agreed to continue talks and co-operation on financial services on March 26. In a short statement, the UK and the EU announced they had concluded technical negotiations regarding a “memorandum of understanding” for the industry, creating a framework for “voluntary regulatory cooperation.”

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