Sector Regulation Sector Regulation

EU can't hold UK hostage in financial services equivalence debate, BOE's Bailey says

By Fiona Maxwell
  • 10 Feb 2021 12:38
  • 23 Feb 2021 07:57
For the UK to be a “rule taker” from Brussels in financial services legislation is unacceptable, Bank of England Governor Andrew Bailey has said, criticizing the EU for failing to award the UK equivalence status for apparently flimsy reasons. 

Comments from the EU that it wants clarity on how the UK intends to rewrite

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