Financial Services

(asked on 10th January 2017) - View Source

Question to the HM Treasury:

To ask Her Majesty’s Government what discussions are taking place with the financial services industry and regulators on the UK's future negotiations with the EU on retaining passporting or on potential alternatives under WTO–GATS post UK withdrawal from the EU.


Answered by
Baroness Neville-Rolfe Portrait
Baroness Neville-Rolfe
Minister of State (Cabinet Office)
This question was answered on 24th January 2017

The UK’s financial services industry plays a vital role in the UK, European and global economies, which benefits customers and businesses around the world.

Government ministers have met with a full range of institutions from across our financial services sector. This includes bilateral meetings with firms and regulators, as well as roundtables with groups of industry representatives.

These meetings have enabled the Government to fully understand the opportunities and risks which have been identified by the sector as the UK leaves the EU, and has included discussion with firms about different scenarios.

We are determined to secure the best possible deal for UK goods and services – including financial services - in our negotiations to leave the EU.

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