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    Home»Deals»EU finance deal may follow US model in blow to Brexit optimists
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    EU finance deal may follow US model in blow to Brexit optimists

    February 28, 20211 Min Read
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    Britain's Prime Minister Boris Johnson (L) is welcomed by European Commission President Ursula von der Leyen (R) in the Berlaymont building at the EU headquarters in Brussels on December 9, 2020, prior to a post-Brexit talks' working dinner. - EU chief Ursula von der Leyen welcomed Britain's Prime Minister Boris Johnson to her headquarters in Brussels on December 9, 2020, for talks on saving post-Brexit trade negotiations. At Johnson's suggestion, he and von der Leyen removed their anti-Covid facemasks briefly and posed for photographers at the Berlaymont building before heading in for a working dinner. (Photo by Olivier HOSLET / POOL / AFP) (Photo by OLIVIER HOSLET/POOL/AFP via Getty Images)
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    Lobbyists in the City with knowledge of the talks are sceptical — calling such a model the ‘lowest possible version’ of a future UK-EU framework

    Talks between European and UK officials on the post-Brexit framework for financial services are expected to conclude with an agreement for regulators on both sides to meet regularly to discuss future rule-making and share information, according to people with knowledge of the talks.

    The two sides are expected to agree to terms for future financial services interaction between the European Union and UK markets based on an existing framework between the EU and the US, one person familiar with the matter said.

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    Source: Penews

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