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The European Commission today adopted an equivalence decision determining that the United States Securities and Exchange Commission (SEC) regime for US central counterparties (CCPs) is equivalent to EU rules.
With Brexit complete, UK negotiators are now striving to reclaim selected access to EU financial markets.
The European Union is unlikely to grant broad access for the City of London, and the flight of euro share trading from Britain to the bloc is permanent, UK bankers said on Monday.
First trading day since Brexit shows early damage to London / Aquis CEO is pessimistic about prospects for ‘equivalence’
The golden age of the City of London began with a big bang. It’s ending with a whimper.
Equivalence permits for UK financial services unlikely to be ready by January 1st.
Brussels looks set to lock the City of London out of European markets from 1 January, with the EU not planning on granting regulatory equivalence before the end of the Brexit transition period.
EU Brexit negotiator Michel Barnier complained of lack of respect and engagement by UK
The European Union’s chief Brexit negotiator rejected the U.K.’s latest proposals for financial firms to do business with the 27-nation bloc after Brexit, accusing Britain of trying to keep as many of the benefits of the single market as it can.
Deadline to agree regulatory equivalence for financial services and allow business after Brexit likely to be missed.
The European Union is set to block some countries from accessing parts of the bloc’s financial market for the first time...