Despite a breakthrough last month, London-based bankers are nervously waiting for Britain and Brussels to agree on a post-Brexit relationship for their financial services industries.
The U.K. and the EU agreed to continue talks and co-operation on financial services on March 26. In a short statement, the U.K. and the EU announced they had concluded technical negotiations regarding a “memorandum of understanding” for the industry, creating a framework for “voluntary regulatory cooperation.”
The document was widely anticipated to be released before the end of March and still needs formal sign off, a matter which “can be done expeditiously” as per the released text.
But despite this,…