Britain, EU clash over financial market access - diplomats
Britain wants binding commitments from the European Union on financial market access to avoid the country's finance industry suddenly being cut off from the bloc, a request Brussels has rejected, EU officials and diplomats said.Britain left the EU in January and a transition period ends in December, when future access for banks, insurers and asset managers will be based on "equivalence," a limited form of access used by the United States, Japan and Singapore.Brussels grants market access to any
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