British lawmakers say EU financial market access may not be worth it

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The City of London may be better off staying out of the EU's financial services market as it would have to sacrifice autonomy over setting rules to win full access, a report by Britain's upper house of parliament said on Wednesday.

LONDON - The City of London may be better off staying out of the EU’s financial services market as it would have to sacrifice autonomy over setting rules to win full access, a report by Britain’s upper house of parliament said on Wednesday.

Brussels will consider whether to grant full access, known as equivalence, once it has agreed a memorandum of understanding with Britain on a new forum for cooperating on financial rules, an agreement that is due by the end of March. Britain has already published proposed changes to regulations covering company flotations and financial technology firms, and will also amend solvency rules for insurers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I was told every achievement begins with a decision to try. Ignorance destroy so many opportunities, I'm a victim of being scammed of investing, but i was convinced by the right person mar_vins1

Germany electric car and 60% US states marginal emissions = 550g CO2/kWh 550 x 0.2 kWh x km = 110g CO2. petrol car = 120g CO2. battery = +5tons CO2. another battery after 10-12 years: +5t CO2 does this really help to reduce CO2?

wow

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines