February 11, 2020 / 12:03 PM / 17 days ago

EU should offer UK 'equivalence' on financial services - UK's Javid

LONDON, Feb 11 (Reuters) - The European Union should continue to recognise Britain’s financial services industry as meeting equivalent regulatory standards when a Brexit transition period ends next year, finance minister Sajid Javid said on Tuesday.

“On day one we will have exactly the same rules,” Javid said in parliament, after a lawmaker asked him if it would be reasonable for the EU to grant Britain’s insurance industry less access than Bermuda’s.

“As we forge a new relationship with our European friends, financial services will be a key part of it,” he added.

Earlier on Tuesday, Javid wrote in the City A.M. newspaper that he wanted a durable relationship over financial services that would last for decades to come. (Reporting by David Milliken; Editing by Alex Richardson)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below