Brexit Stakes for Banks Shown by Financial Passports

Corrected
  • FCA says 5,476 firms passport out of U.K. vs. 8,008 inbound
  • Tyrie sees test to secure market access for U.K.-based firms

The City of London skyline.

Photographer: Simon Dawson/Bloomberg

About 13,500 financial firms do business into and out of the U.K. under European Union passporting rules, underlining the significance of Britain’s access to the single market for companies on both sides of the Brexit divide.

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