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

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

Apple takes up to develop Apple Watch for health monitoring

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

Animals Can Burn Muscle To Supplement Body Water Needs, Finds A Study

World Politics

World & Politics

Is China going to cancel its birth limit policy?

The US is ready to start negotiations with China

US and China start 5G race

Is Czech Republic posing a threat to the European Union?

Myanmar Military Top Brass should be investigated and prosecuted for genocide: UN

France Needs To Recover From The Blow of Its Environment Minister’s Resignation

‘Disorderly Brexit’ Couldn’t Possibly Gain Anybody’s Interest, Says Maas

Venezuela comes up with a new monetary reform