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Banks Still Aiming for Full EU Single Market Access Post-Brexit

  • BBA chief Anthony Browne responds to earlier media report
  • FT reported banks had "given up hope" on EU market access

The City of London has not abandoned hope of maintaining full access to the European Union’s single market after Brexit, according to an industry lobby group.

"The banking sector unequivocally wants to maintain the current level of full access to the EU market, to ensure that businesses and customers across Europe can still be served by U.K.-based banks," British Bankers’ Association Chief Executive Officer Anthony Browne said in a statement. Browne was responding to a Financial Times report earlier Friday that said banks had “given up hope” of maintaining universal access.