Brexit white paper - May backs down on mutual regulatory recognition
"New economic and regulatory arrangements for financial services"
The government has backed down from its calls for mutual regulatory recognition post-Brexit and will now push for a deal where UK and EU financial services firms' access to each other's markets is scaled back when the country leaves the bloc.
In its long-awaited Brexit white paper, published on Thursday (12 July), the government called for "new economic and regulatory arrangements for financial services", which it argues would "preserve the...
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