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Brexit Gets Worse for Wall Street With EU Shaking Up MiFID

  • EU takes steps to weaken London’s role as finance hub
  • Rewrite of MiFID II would unwind concessions made to U.K.
Bloomberg business news
WATCH: EU officials are looking to amend MiFID II by walking away from concessions they made to the U.K., as Bloomberg's Silla Brush reports.(Source: Bloomberg)
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Freed from British influence, European authorities are hatching an offensive to weaken the Brexit-addled City of London.

Officials in Berlin, Brussels and Paris are looking to amend the post-crisis financial rulebook known as MiFID II by walking away from concessions they made to the U.K. in the six years it took to complete the regulations.