Bank station London Underground
Business Business Analysis & Features

Brexit: What does Britain losing its EU ‘passporting’ rights mean for banks and how will it affect the economy?

The EU’s chief Brexit negotiator Michel Barnier made it clear on Monday that, when the UK leaves the single market, financial services firms based in Britain will lose their “passporting” rights. “On financial services, UK voices suggest that Brexit does not mean Brexit. Brexit means Brexit, everywhere,” Mr Barnier told the Centre for European Reform. […]