EU holding UK to higher standards on equivalence, says BoE’s Andrew Bailey

Andrew Bailey, governor of the Bank of England

The EU is holding the UK to higher standards than other third countries before granting financial services equivalence, according to head of the Bank of England (BoE) Andrew Bailey, who wants Europe to accept global standards when making its decision. Equivalence is a big deal because it would mean financial firms in the UK, including insurers, could continue serving clients…

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