Brexit Finance Talks Get Technical With Broader Progress Elusive
- Talks around regulatory cooperation started last week
- Separate breakthrough on market access remains remote prospect
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As with many meetings these days, the U.K. and EU’s latest negotiations on financial services began with a video conference call Friday. Unlike the high-profile gatherings that kicked off the earlier trade deal, the opening discussions on how to regulate the trillions of dollars of cross-border financial flows were a low-key affair.
That’s by design. The ambition for this set of talks is limited: reach a memorandum of understanding around regulatory cooperation between the two sides on financial services by March.