Brexit offers the UK a chance to handle monetary companies in a different way


© Reuters. Canary Wharf business district in London


LONDON (Reuters) – Brexit gives the UK an opportunity to do things differently on financial services, Treasury Secretary Rishi Sunak said on Sunday. However, a trade agreement with the European Union gives the assurance that there will be cooperation on the regulatory approach to the sector.

“Now that we have left the European Union, we can do things a little differently (in financial services),” Sunak told the broadcasters.

“But this deal also offers security, as the deal mentions a stable framework for cooperation on regulation, which will give people the assurance that we will remain in close dialogue with our European partners on equivalency decisions.”

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