UK and EU strike cooperation deal on financial services

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galexinda
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UK and EU strike cooperation deal on financial services

Post by galexinda » Sat Mar 27, 2021 8:59 am

The UK and EU have agreed the terms for future cooperation on financial services between the two jurisdictions.

“Formal steps need to be undertaken on both sides before the Memorandum of Understanding (MoU) can be signed but it is expected that this can be done expeditiously,” The Treasury said in a statement.

“The MoU, once signed, creates the framework for voluntary regulatory cooperation in financial services between the UK and the EU. The MoU will establish the Joint UK-EU Financial Regulatory Forum, which will serve as a platform to facilitate dialogue on financial services issues.”

https://www.cityam.com/uk-and-eu-strike ... -services/

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