City delegation heads to Brussels to propose 'mutual access' Brexit plan

Since the EU referendum last June, financial services firms have been nervous about the potential loss of so-called 'passporting' arrangements that allow them to trade cross-border.  According to the Financial Times, Hoban (pictured), a former Minister for Work and Pensions, is leading the delegation independent of the government.  The proposed plan is based on 'mutual access', which would allow the UK and EU member states to operate in each other's markets without barriers. It would also include shared regulatory supervision and joint dispute resolution. FCA demands asset manage...