Treasury to unveil equivalence vision for City in white paper

The government will insist on the right to diverge from EU financial services regulation as part of a post-Brexit trade deal with Brussels based on equivalence. Writing in City A.M. chancellor Sajid Javid says the City “will no longer be a rule-taker” and reveals that ministers are working on a white paper setting out a vision of the financial services sector once the Brexit transition period is over. The government will set out its vision for the future of financial services, including the City’s future relationship with the EU and the rest of the world, in a white paper to be published this spring.

Source: CityAM
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