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Britain seeks EU financial market access for decades

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Christian Fernsby ▼ | February 11, 2020
Britain wants a durable relationship with the European Union for "decades to come" in financial services as part of a new free trade agreement with the bloc, Britain's finance minister Sajid Javid said today.
Sajid Javid
Business in Britain   Sajid Javid
Britain left the EU last month and unless it agrees access to the bloc by December, its financial services sector will be cut off from its single biggest customer from January 2021.

Topics: Britain

"If the EU, like us, wants a durable relationship, we should also include measures to directly address the long-term needs of industry for a reliable equivalence process," Javid said in an article in City AM newspaper.

Javid called on the EU to find Britain's financial sector "equivalent", a reference to the bloc's system of financial market access, based on Brussels acknowledging that UK regulation is as robust as the EU's rules.