Luxembourg Favors Enhanced Equivalence For British Financial Firms

www.oann.com | 1/19/2018 | Staff
Emzah92 (Posted by) Level 3
BRUSSELS (Reuters) – Luxembourg Finance Minister Pierre Gramegna said on Thursday that the European Union should offer enhanced access for financial services firms from third countries, something Britain is seeking for its banks after it leaves the bloc.

The EU has “equivalence” regimes which provide limited access for some of non-EU partners to some areas of EU financial services markets. Gramegna said he supported a study into its workings by the European Central Bank and the Bank of England.

Equivalence - Field - Services - Idea - Solutions

“I think that equivalence in the field of financial services could be an interesting idea that we really need to deepen and we need to make sure that we continue to discuss both to find solutions to have smart access on both sides,” he told...
(Excerpt) Read more at: www.oann.com
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