British Financial Regulator Urges EU Brexit Coordination
Britain’s financial watchdog called on Monday for immediate coordination with European Union counterparts to ensure that Brexit is as smooth and stable as possible for markets, Reuters reports.
The Financial Conduct Authority (FCA) has said financial firms should feel comfortable about relying on a transition deal agreed last month between Britain and the EU.
This covers the period between Britain’s planned departure from the bloc next March and the end of 2020, but EU officials say this was a political deal and will not be legally ratified until at least later in the year.
Firms should therefore press ahead with plans in case of a “hard” Brexit next March, such as setting up new EU hubs.
“It’s important that we have regulatory engagement now because we are dealing with practical issues... and they affect both sides,” FCA Chief Executive Andrew Bailey said.
Other materials on this subject
- UK and Japan Agree Historic Free Trade Agreement But it is unclear whether the UK has won an export quota to match the one it had as a member of the EU.
- Boris Johnson Tells EU that Free Trade Deal Must be Done by 15 October In that case, Britain would be ready to find sensible accommodation with the bloc on practical issues such as flights, lorry transport or scientific cooperation, according to the excerpts.
- EU Announced Diplomatic Mission In London The EU External Action shortly after the Brexit issued a statement and announced that the EU’s diplomatic mission in London will be carried out by the EU delegation led by Ambassador diplomat Joao Vale...
- UK PM Johnson Plans 'Respectful' Brexit Celebration After three years of wrangling over whether Brexit should go ahead and how best to do it, Johnson has agreed a deal with the EU that will see Britain continue to abide by the bloc’s rules until the end...
- EU Chiefs Sign Brexit Deal ahead of Parliamentary Vote Then, on Thursday next week, diplomats from the EU member states will approve the deal in writing, ensuring Britain’s orderly departure at midnight on January 31.
-
17:08The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11Armenia sends earthquake aid to Turkey
-
10:43Commemoration of the Pontiff St. Sahak Partev
-
09:16Some roads are closed and difficult to pass in Armenia
-
19:55Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30Prime Minister Pashinyan and President Khachaturyan meet
-
18:20Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01Humans could land on Mars within 10 years, Musk predicts
-
16:45France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59Earthquake death toll in Turkey rises to 18,342
-
15:43Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06French president rules out fighter jet supplies to Ukraine in near future
-
14:475 Day Weather Forecast in Armenia
-
14:44President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
day
week
month
Humidity: 45%
Wind: 3.6 km/h