EU has 'obvious basis' for Brexit equivalence call: Bailey

The EU's existing framework for recognising third-country
regulatory regimes should be used for UK financial services groups
seeking to do European business after Brexit, according to
Financial Conduct Authority CEO Andrew Bailey.
Bailey made the comments about regulatory equivalence in speech
at a Thomson Reuters event. During the speech, he argued that
Brexit does not need to involve "abandoning the benefits of
free trade and open markets".
The question of equivalence has become one of the mor