09-01-2018 20:17 via uk.finance.yahoo.com

EU may treat some UK financial rules as equivalent after Brexit - Barnier

The European Union could treat some British financial regulation as equivalent to EU law after Brexit, but would not give financial firms a general "passport" to do business in the single market, the EU's chief Brexit negotiator said on Tuesday.In a speech at a Belgian business event, Michel Barnier reiterated that once Britain left the EU on March 29, 2019, its firms would lose the benefits of doing business across a market of 440 million people."We will have the opportunity to treat some UK ru
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