Article source
Financial Times
Article date
Wed, Sep 20, 2017
The UK government has told the financial services industry that Britain will seek to develop a distinct regulatory framework from the EU after Brexit in an effort to secure a long term competitive advantage for banks, fund managers and insurers.
Senior representatives from the financial services industry, who met Brexit secretary David Davis last week, were also told that for a transition period immediately after Brexit the government would try to ensure that the sector saw benefits from a “standstill” deal with all existing cross-border agreements remaining in place.