Brexit minister says UK has negotiating leverage on financial passporting

Brexit minister says UK has negotiating leverage on financial passporting
 

Britain will have leverage in talks with the European Union over so-called "passporting" rights, which allow financial services to be sold into the EU states from London, Brexit minister David Davis told parliament on Monday.
"Actually, we issue more passports than we seek," Davis said citing figures used by another lawmaker earlier in a parliamentary debate. "As a result, our negotiating leverage in this area is at least reasonable."
Warning financial firms against "rashly" pre-empting the outcome of Britain's EU negotiations by moving staff... read more

 
10 October 2016 in Business, Views: 30
Source: Reuters
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