UK Finance Responds to PM's Speech in Florence
By FF Newsroom · 25 September 2017
Stephen Jones, CEO of UK Finance said: “The Prime Minister acknowledged the importance of a period of adaptation to provide businesses with a clear line of sight on the new arrangements based on mutually acceptable high regulatory standards and an appropriate mechanism to resolve disputes. Early agreement on transitional arrangements is essential for a good outcome for businesses and customers in the UK and across the EU. Both EU and UK Customers rely on the UK for domestic capital raising, cross-border financing, and trade and risk management. Ensuring continuity is key to maintaining services while limiting damaging impacts for customers on both sides of the Channel. For a transitional period to be of any benefit, it’s essential that both the UK and EU agree arrangements as soon as possible.”