UK financial firms get no EU access unless they respect rules: France

FAN Editor
FILE PHOTO: French Economy Minister Bruno Le Maire arrives for the 34th annual dinner of the CRIF in Paris
FILE PHOTO: French Economy Minister Bruno Le Maire arrives for the 34th annual dinner of the Representative Council of Jewish Institutions of France (CRIF – Conseil Representatif des Institutions juives de France) on February 20, 2019, at the Louvre Carrousel in Paris. Ludovic Marin/Pool via REUTERS/File Photo

February 6, 2020

PARIS (Reuters) – British financial services firms will get no access to European Union markets after Brexit unless they agree to respect EU rules, French Finance Minister Bruno Le Maire said on Thursday.

Talking about “financial equivalence” rules under which UK financial institutions hope get access to EU markets, Le Maire said: “we must show firmness. These are our rules and we make them.”

He also said that a post-Brexit agreement with Britain on fishing will not come at the price of yielding on financial services.

(Reporting by Leigh Thomas; Writing by Geert De Clercq; Editing by Toby Chopra)

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