Brexit ‘Rules of the Game’ Urgently Needed, U.K.'s Bailey Says

U.K’s financial regulator said British and European Union negotiators need to undertake “a big debate” over post-Brexit oversight to allow for open markets and resolution of disputes.

Officials must reach “a common agreement on some rules of the game,” U.K. Financial Conduct Authority Chief Executive Officer Andrew Bailey said Tuesday at Bloomberg’s London office. “And there should also be a mechanism for dealing with disagreements.”