EU stance on financial services after Brexit is 'problematic' - BoE's Bailey

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Bank of England Governor Andrew Bailey said on Wednesday that the European Union's approach to financial services trade with Britain after Brexit was problematic.

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LONDON - Bank of England Governor Andrew Bailey said on Wednesday that the European Union’s approach to financial services trade with Britain after Brexit was problematic. “Now I think that’s quite problematic, frankly, in terms of equivalence,” he added, saying it was unrealistic for British rules to stay set in stone or move in lock-step with the EU.

 

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