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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

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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