U.K. Presses Ahead With No-Deal Brexit Plans for European Financial Firms
Pedestrians cross a footbridge towards the Canary Wharf business, financial district in London, U.K.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The U.K. published fresh plans to keep European financial firms operating in the U.K. in the event of a no-deal Brexit.
The government released a draft proposal on Tuesday that would give firms from the European Economic Area -- the EU plus Iceland, Liechtenstein and Norway -- as well as non-U.K. central counterparties the temporary recognition they’d require to continue operations.