Britain will have to stick with EU bank regulation after Brexit: lobbyist

Britain will have to stick with EU bank regulation after Brexit: lobbyist
 

Britain will have no choice but to stick with European Union banking laws when it leaves the bloc to avoid blowing a "huge hole" in its regulatory system, a financial industry lobbyist said on Thursday.
Graham Bishop, a pro-EU consultant and leading figure in a forum of financiers seeking to advise the British government in Brexit talks, said the country's reliance on EU regulation would prove a major problem when it decides to leave.
"On the minute after midnight on the day we leave the EU, the regulations don't apply. This would blow a huge hole in Britain's regulatory... read more

 
29 September 2016 in Business, Views: 38
Source: Reuters
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