City of London’s Plight Laid Bare as Brexit Deal Hopes Fade
By Silla Brush, Harry Wilson, and Viren Vaghela
January 11, 2021, Bloomberg
Just over a week in, the City of London is coming to a hardening realization about its post-Brexit future: a financial services accord with the European Union may be too little, too late to protect its dominant position.
Negotiations are set to kick off soon to determine the outlines of regulatory co-operation between the U.K. and EU, after the industry was largely sidelined in the trade deal that marked Britain’s split from the EU on Dec. 31. A March deadline has been set and so far details — including who will head up the discussions — are scarce.
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