UK Banks Push for Ambitious Financial Services Strategy

UK Banks Push for Ambitious Financial Services Strategy

By Daniel Thomas
February 21, 2021, Financial Times

The UK’s top banks have urged ministers to develop an ambitious strategy to boost exports of financial services after the sector was largely left out of the post-Brexit trade deal with the EU.

A report published on Monday by UK Finance, which represents British banks, argues for a strategy of “regulatory diplomacy” in which UK financial regulators such as the Bank of England and Financial Conduct Authority work with counterparts in other countries to improve market access.

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