UK Suggests More Pronounced Split From EU Financial Services Rules, Post-Brexit
Today the Chancellor of the Exchequer, Rishi Sunak, stated in a speech in London: “[O]ur ambition had been to reach a comprehensive set of mutual decisions on financial services equivalence. That has not happened. Now, we are moving forward, continuing to cooperate on questions of global finance, but each as a sovereign jurisdiction with our own priorities. We now have the freedom to do things differently and better, and we intend to use it fully.” See the full text of the speech here.