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Banks need new UK-EU regulatory process after Brexit, says Hammond

Mr Hammond says Britain's Brexit negotiations with the EU would take a "pragmatic approach" to financial services and how they are supervised.


BRITISH and European Union (EU) banks need a new system to let them do business with each other after "Brexit" to avoid splitting markets, Britain's finance minister Philip Hammond said on Tuesday.

Britain, the EU's biggest financial market, is leaving the bloc in 2019,...