EU Unlikely to Give U.K. Wide Equivalence, Irish Ambassador Says
- Some member states keen to shift financial services to bloc
- Ireland’s Hanney doubts strong equivalence regime in future
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The European Union is unlikely to grant wide-ranging access to the British financial services industry, Ireland’s ambassador to the bloc warned.
“I wouldn’t be entirely over-optimistic that there will be a strong equivalence regime in the future, or that this promised memorandum of understanding will lead to very strong and positive developments in the relationship between the two sides on financial services,” Thomas Hanney told a webinar on Friday hosted by Dublin City University.