EU says is assessing City's financial market access | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Monday
October 02, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
MONDAY, OCTOBER 02, 2023
EU says is assessing City's financial market access

Global Economy

Reuters
08 July, 2020, 03:35 pm
Last modified: 08 July, 2020, 04:08 pm

Related News

  • Priority now election, not second instalment of IMF loan: Salman F Rahman
  • Inflation cools in US and Europe
  • Italy’s Meloni sees EU convergence on migration
  • Has Britain lost its climate crown?
  • China could do 'a lot' to reduce EU perception of risk - EU trade chief

EU says is assessing City's financial market access

Britain left the EU in January and retains full access to the EU until the end of December under a transition deal

Reuters
08 July, 2020, 03:35 pm
Last modified: 08 July, 2020, 04:08 pm
The sun rises behind the Canary Wharf financial district in London, Britain, February 12, 2020. Photo: Reuters
The sun rises behind the Canary Wharf financial district in London, Britain, February 12, 2020. Photo: Reuters

Assessments of Britain's future access to the European Union financial market are ongoing and take into account how far the United Kingdom will diverge from the bloc's rules, a European Commission official said on Wednesday.

Britain left the EU in January and retains full access to the EU until the end of December under a transition deal.

Future access for banks, clearing houses and trading platforms will depend on Brussels deciding that Britain's financial rules are and likely to remain equivalent to or sufficiently aligned with those in the bloc.

"We need to have a forward-looking approach and have a good understanding of the intentions the UK has in terms of future financial regulation," Andrea Beltramello told an online event organised by the Futures Industry Association, an industry body.

Britain and the EU have blamed each other for missing an end of June deadline to complete assessments on financial market access from next January.

The London Stock Exchange's London Clearing House unit clears over 90% of euro-denominated interest rate swaps and said it needs certainty on EU access by September to avoid forcing customers to move positions out of Britain by December.

Julien Jardelot, the LSE's head of Europe government relations and regulator strategy, said he hopes the EU can give some form of legal clarity shortly.

"We are confident that both EU and UK regulators... understand the need to ensure a smooth transition," Jardelot said.

Top News

Britain / EU

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Big drops in remittance, exports make reserves struggle harsher
    Big drops in remittance, exports make reserves struggle harsher
  • Representational image. Photo: Collected
    Why Bangladesh’s reserves tumble, Sri Lanka’s improve
  • Sketch: TBS
    Stop financing budget deficit by printing money to check inflation, Sadiq Ahmed tells BB

MOST VIEWED

  • Paperfly aborts flight
    Paperfly aborts flight
  • Photo: TBS
    Habibur Rahman takes charge as 36th DMP commissioner
  • Some banks get more remittance. Is it for extra efforts, or higher dollar rates?
    Some banks get more remittance. Is it for extra efforts, or higher dollar rates?
  • How China's Belt and Road changing Bangladesh's  infrastructures
    How China's Belt and Road changing Bangladesh's infrastructures
  • Photo: TBS
    Dhaka traffic slowest in world: Study
  • US dollar banknotes are seen in this illustration taken on 10 March 2023. Photo: Reuters
    Remittance earnings in September lowest in 41 months

Related News

  • Priority now election, not second instalment of IMF loan: Salman F Rahman
  • Inflation cools in US and Europe
  • Italy’s Meloni sees EU convergence on migration
  • Has Britain lost its climate crown?
  • China could do 'a lot' to reduce EU perception of risk - EU trade chief

Features

Illustration: Collected

Apology to a life forgotten to live

8h | Features
Photo: Kazi Ashraf Uddin

Coffee: More than a beverage, something of a beloved

10h | Features
The price back to the normal range is possible if the corporations who control the feed market reduce the feed and chick prices. Photo: Noor-A-Alam

Will eggs ever return to their 'normal' price?

13h | Features
Photo & Coffee Sketch: Touseful Isalm

A coffee conversation with Rumi

1d | Features

More Videos from TBS

Everything about the ICC Cricket World Cup 2023 stadiums: Part 1

Everything about the ICC Cricket World Cup 2023 stadiums: Part 1

5h | TBS SPORTS
Apple is bringing new software updates to prevent overheating

Apple is bringing new software updates to prevent overheating

7h | Tech Talk
A unique study cafe in the city

A unique study cafe in the city

6h | TBS Stories
Reserves are falling even as the dollar's share of global payments rises

Reserves are falling even as the dollar's share of global payments rises

9h | TBS Economy
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]