Barnier Signals More Delay for London Banks Eyeing EU Market

Barnier Signals More Delay for London Banks Eyeing EU Market

By Tom Metcalf and Maria Tadeo
February 11, 2021, Bloomberg

Michel Barnier, the European Union’s chief Brexit negotiator, warned the bloc won’t be hurried into granting U.K. financial firms free access to the bloc’s single market.

“Equivalence decisions are, and will remain, unilateral of each party and aren’t subject to negotiation,” he said at the European Business Summit in Brussels Thursday. “We will take no risk about financial stability.”

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