UK’s failure to offer assurances over regulatory changes is causing delays, EU diplomats told
The City of London is facing fresh Brexit uncertainty after Brussels raised doubts over access to the EU market being granted by the end of the year for firms in any of the 26 areas of the financial services sector awaiting decisions.
Diplomats for the EU’s member states were told in a behind-doors meeting in Brussels that the failure of the British government to offer assurances over regulatory changes after 1 January was holding up the so-called “equivalence decisions”.
