'Too early' to know Brexit's effect on financial services - FCA

'Need to wait' for outcome of UK's negotiations with EU

Tom Ellis
clock • 1 min read

It is still too early to speculate on the effects Brexit will have on the UK's financial services sector, according to FCA director for competition Deb Jones.

Speaking to an audience of advisers at today's Financial Services Expo in London, Jones said: "The [EU] referendum outcome naturally has ramifications for financial services across the UK. But it's still too early for me to speculate on the extent [of its consequences]." Despite the uncertainty surrounding Brexit, Jones reiterated the FCA's stance that it is still 'business as usual' for firms, adding: "Three things are apparent - first, firms must continue to abide by their obligations under UK law - including those derived from EU law - and they should continue with implementation plan...

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