Regulator warns EU countries over competition for UK business
Posted On: Jul. 12, 2017 10:00 PM CSTEurope’s insurance regulator warned national regulators on Tuesday not to undercut each other as they attempt to attract firms moving from London because of Britain’s exit from the European Union.
London-based financial services firms have been making plans to set up operations in the EU to maintain access to its single market after Brexit and there is fierce competition among major European cities to attract them.