Banking Law

London Finance Clings to Hope for Some Post-Brexit EU Access (1)

Jan. 13, 2021, 10:55 AM

London financiers are keeping the faith that despite being left out of the Brexit trade agreement, their industry can win back some access to the European Union in the next round of talks.

In a poll of hundreds of executives at banks, money managers and insurers by the consulting firm EY, 76% said they expected the EU would grant some form of equivalence decisions, opening the doors to more market access. An even more optimistic 8% of those polled expected a sweeping equivalence pact, allowing London bankers to do many forms of trading.

The British government said Tuesday that it...

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