-
City of London’s Plight Laid Bare as Hopes for Brexit Deal Fade
One week in, the City of London is coming to a hardening realization about its post-Brexit future: a financial services accord with the European Union may be too little, too late to protect its dominant position. Negotiations are set to kick off soon to determine regulatory co-operation between the U.K. and EU, after the industry was largely sidelined in the trade deal that marked Britain’s split from the EU on Dec. 31. So far details -- including who will head up the discussions -- are scarce, adding to the gloom among finance executives about the chances of an agreement on market access. Those talks -- centered ... (full story)