8 (a plan that has been proposed since 2016 ).
9 At a Treasury Select Committee meeting on February 24, Andrew Bailey, Bank of England Governor, warned the EU of what he considers to be a very serious escalation over UK financial services, and added that “there’s a point beyond which the deal is not worth having”. The temporary equivalence for UK clearing houses and CCP to be able to clear euro denominated trades ends mid-2022.
February 2021 has therefore shown that the sensitivities on financial services still continue post-Brexit. For all types of financial services firms, regardless of their post-Brexit operational readiness, these developments matter as they impact structuring and resourcing options, as London’s European business flows to a more multi-financial center based model.
Opening Statement Of CFTC Acting Chairman Rostin Behnam Before The Market Risk Advisory Committee mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.
Home Inside the Brexit deal: the agreement and the aftermath
Inside the Brexit deal: the agreement and the aftermath
As businesses adapt to the UK’s new trade deal with the EU, negotiators on both sides reveal what really happened
World Economy News
22 Jan 2021 • 18 min read
The Brexit denouement had finally arrived. As the year drew to a close, Boris Johnson stood triumphant in the House of Commons and proclaimed the rebirth of Britain as “an independent nation” on the brink of a free-trading future.
“We are going to open a new chapter in our national story,” he declared on December 30, as MPs approved his EU trade deal, secured on Christmas Eve after months of painful negotiations with Brussels.
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