February 18, 2021

postBrexit

post-Brexit financial services deal unlikely to bring equivalence

LONDON — The U.K. and the European Union have yet to find a solution for the financial services industry after Brexit, and recent data suggests that Brussels may have the upper hand in negotiations.

It’s been a key topic of debate after the U.K.’s vote to leave the European Union in 2016. The City of London, the U.K.’s business district, wants access to the European market, given that it represents a significant part of its activities. On the other hand, the City is also a vital source of financing for European businesses.

However, Brexit has inevitably changed this relationship. By

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