The Association for Financial Markets in Europe (AFME) welcomes the agreement between the EU and UK to unlock regulatory cooperation in financial services, including regular exchanges on trade and market access issues.
Adam Farkas, Chief Executive of the Association for Financial Markets in Europe (AFME) commented:
“AFME strongly welcomes the agreement reached today between the EU and the UK. This should now unlock formal regulatory cooperation in the area of financial services based on the joint declaration accompanying the EU-UK Trade and Cooperation Agreement. It is crucial that both sides now activate the Memorandum of Understanding [eventid=9664] to establish regulatory dialogue and enable enhanced cooperation and coordination, including allowing for regular exchanges on trade and market access issues as well as equivalence provisions.”
Other Features
agreement
Brexit
cross-border cooperation
MoU
regulatory
supervisory practices
Date Published: 2023-02-27
Regulatory Framework: Brexit
Regulatory Type: opinion
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