Daily Management Review

Level of access to European trade bloc key component in Brexit negotiations


01/31/2018


Here is what Norman Blackwell, Lloyds Banking Group’s chairman has to say on Britain future trade relationship with the EU.



On Wednesday, Norman Blackwell, the chairman of Lloyds Banking Group stated that Britain will have to take care so that the European Union does not dictate financial rules once it leaves the trading bloc.
 
The comments come in the context of the EU and Britain scheduled to hold negotiations on their future trading relationship, including the level of access, asset managers, insurers, and banks will have in the EU’s market, after Brexit.
“It’s difficult to imagine a situation that London and the UK can be a rule-taker from Europe,” said Blackwell at a conference on Brexit and financial services. “We couldn’t allow our financial services to be dictated to without having a say in how those regulations work”.
 
If access to London, a global center for finance, was blocked for European companies they could face difficulties in getting ready access to global markets, said Blackwell.
 
References:
reuters.com







Science & Technology

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

Reuters: Chinese hackers were stealing data from IT giants for years

China's first solar power molten salt plant sets record

WSJ announces imminent start of Boeing 737 MAX flight tests

Study: Machine learning is five times more harmful for the environment than a car

Would Singapore Be The First One To Bring Lab Grown Shrimps To The Global Market?

World Politics

World & Politics

France announces new tax for air fares

Europe Concerned Over Iran Move To Breach Uranium Enrichment Cap

Singapore To Build ‘$296 Million’ Smart Next-Gen Army Training Centre

No More Sales Of E-Cigarettes In San Francisco?

US ‘Hell-Bent On Hostile Acts’ Even After Trump-Kim Agreement, Says North Korea

Italy avoids EU sanctions for high national debt

Trump allocates 4.6 bln to help migrants

Iran Says Trump’s Belief That US-Iran War Would Be Short Is “An Illusion”