The greater certainty and stability offered to financial markets by Monday's Brexit transition agreement between the UK and European Union has been welcomed by the financial services sector.
The agreement, which is conditional based on each side reaching a deal on a final withdrawal treaty, will enable a 21-month transition period after the UK leaves the EU on 29 March 2019, whereby a continuation of current laws and regulations would continue to be in place while the country unbinds itself from the bloc. As part of the deal the UK will be able to reach trade agreements with other countries during the period while still being party to existing EU deals with other countries. In addition, the rights of EU citizens in the UK will be guaranteed, and vice versa. Importantly ...
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