U.K. Edges Closer Toward Limited Brexit Finance Deal With EU
- Memorandum of understanding could help unlock market access
- Agreement on regulatory cooperation adds tax policy as topic
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Britain and the European Union are inching closer to reaching a co-operation agreement on financial regulation by the end of this month in a step that could help give firms in the City of London more access to the single market.
The EU could grant the U.K. so-called partial regulatory equivalence for some financial products once the separate memorandum of understanding on financial regulation is reached, according to a person familiar with the negotiations.