EU Says Is Assessing City’s Financial Market Access

Andrea Beltramello, a European Commission official, told an FIA online event that equivalence assessments for the UK financial services market access are ongoing and take into account how far the United Kingdom will diverge from the bloc’s rules, a European Commission official said on Wednesday.

Quotes

“Taking into account how far the UK will diverge from the bloc’s rules.”
“We need to have a forward-looking approach and have a good understanding of the intentions the UK has in terms of future financial regulation.”