Not aware of free trade deal with access for financial services – Barnier
The European Union’s chief Brexit negotiator Michel Barnier said he was not aware of any free-trade deal the EU had concluded which included unfettered access for financial services.
“I remind you that I’m not aware of any free-trade deal in the past between the European Union and third countries that would have allowed privileged access for financial services,” Barnier told a news conference in Brussels on Wednesday.
Several large London-based financial institutions have already set up subsidiaries in the European Union to preempt the moment Britain leaves the bloc.
Source: Reuters (Reporting by Robert-Jan Bartunek; editing by Robin Emmott)