The Key Issues Weighing on the City of London After Brexit Deal
- U.K. firms have days left to prepare for looser EU links
- Local offices, equivalence and market disruption on the agenda
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Britain’s long-awaited trade deal with the European Union still leaves many questions unanswered for the world’s biggest banks, trading venues and money managers as they prepare for a rupture in the region’s financial system.
They’ve been bracing for departure day since Britain voted to quit the European Union in 2016. Since then, little progress has been made in crafting a future relationship between the respective finance industries even though the City of London, the continent’s dominant hub, will be firmly outside the EU in a matter of days.