UK bankers drop push to keep easy EU access after Brexit
London
THE UK'S finance industry dropped its demand to maintain the current easy access to the European Union's single market once Brexit takes place.
In a 17-point list of industry priorities for the upcoming negotiations released on Thursday, TheCityUK lobby group made no mention of so-called passporting, which currently allows banks with bases in London to service markets throughout the EU. Instead, the group is pushing for a new deal that offers access and additional time to adapt.
TRENDING NOW
China narrows AI gap with US as open-source shift could hit valuations: George Yeo
‘So little’?: Why critics of Temasek’s 10.5% returns in a bull run are getting it wrong
Samsung, SK Hynix and leveraged ETFs drive 70% of Korea trading, drawing criticism
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects