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UK financial firms' direct access to EU under threat post Brexit

Posted On: Jul. 25, 2019 5:26 AM CST

Experts said that U.K. financial firms, including insurers, may not get direct access to the European Union post Brexit as political will for an industry deal fades, Reuters reported. The experts said that the EU has recently toughened requirements for recognizing other countries' financial rules, which could hamper a proposed equivalence arrangement with the United Kingdom.

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