Lobby Says City Of London Should Be Priority In EU Divorce Talks

One America News Network | 1/10/2017 | Staff
ziggy1023 (Posted by) Level 3
Click For Photo: http://d2pggiv3o55wnc.cloudfront.net/oann/wp-content/uploads/2017/01/2017-01-10T101732Z_1_LYNXMPED090IB_RTROPTP_0_BRITAIN-DAILYLIFE_1.jpg

LONDON (Reuters) – Britain’s financial services sector must keep its unfettered access to the European Union’s single market after Brexit given that available alternatives don’t provide a sustainable long-term solution, an industry report said on Tuesday.

British Prime Minister Theresa May is due to launch formal divorce talks with the EU by the end of March, leaving banks, insurers, asset managers and markets wondering how they can serve customers on the continent in future.

EU - Passport - Bloc - Base - Britain

Currently, they use an “EU passport” allowing them to operate across the 28-nation bloc from a base in Britain.

The International Regulatory Strategy Group, made up of financial and professional services firms operating in Britain, said the sector should be “prioritized in the forthcoming negotiations” given its importance to Britain’s economy.

Access - Market - Terms - Operation - Report

“This must include securing continued access to the single market on terms that resemble those currently in operation as closely as possible,” the report seen by Reuters said.

The report is due to be published later this month and has been written in collaboration with lawfirm Hogan Lovells.

Alternatives - Passporting - Nod - Sector - Chance

It looks at alternatives to passporting, a nod to how many in the sector now believe there is no realistic chance...
(Excerpt) Read more at: One America News Network
Wake Up To Breaking News!
It just doesn't get bettere than this...
Sign In or Register to comment.

Welcome to Long Room!

Give Us 5 Minutes, We'll Give You The World!

LongRoom Culture
Huge Chicken Emerges From Coop Attracts Internet Attention! The internet has become fascinated with a giant chicken!  When this...
Video Of Massive Shredder For Automobiles Shown In Reverse! This incredible machine has ingested a car, which in this video it...
Coca-Cola Polar Bear Mascot Joking With People During Photography Session! Being a mascot is definitely a skill!  The Coca-Cola...
Adorable Kitten Drinking Milk And Wiggling Ears! Small kittens are so cute when they drink from a bottle because they wiggle...
Dog Digs Shallow Hole And Lays Down In It For A Nap! Caught in the act of taking a nap!  This beautiful dog is so charming when...
Amazing NEW WORLD RECORD Ski Jump By Stefan Kraft!!!! Stefan Kraft literally flies to this new world record!  An Austrian ski...
Closeup View Of A Tire Change During A Pit Stop! You Can See The Brakes On Fire! Pitstops are awesome to watch because the...
Cat Closes Cupboard Door as Baby is Playing in the Cupboard! The cat soundly closes the cupboard door on this baby who is...
Dog Pool Party! Swim Dogs Swim!  This pool party went to the dogs.  It looks like humans can come, as long as they are...
Cat Unsuccessfully Tries To Wake Up Friend With Some Gentle Pats! This cute cat tries to wake up a sleepy friend.  His...
Sliding SUV Has Near Several Near Misses With Other Vehicles! An icy disaster turns out okay for this super lucky driver that...
Switchable Magnet! This works by there being two magnets. When the knob is turned, it rotates one of the magnets so that the...
Man Avoids Train Crash By Removing Train? You are just waiting to see what the guy is going to do to get off the train tracks,...
Quick Thinking Dog Helps Cat Who Has A Plastic Cup Stuck On Its Head! What are friends for?  This dog very nicely removes the...
Elephant Throws Stick at Aggressive Rhino! After balancing a stick on its head, this elephant lets it drop to the ground where...
Vietnamese Police Climb Building Using A Pole! This team of Vietnamese police who appear to be in danger of being fired upon,...
Drifting A Tank!? Crazy! The tank driver performs an astonishing drifting maneuver in a tank!  Sparks fly everywhere, but the...
Incredible Railroad Track Laying Machine is Enormous! Laying track for a railroad has always been a huge undertaking, but...
Replacing a Railroad Tie Without Removing the Track! This is amazing technology and the ties are removed so fast! Here is the...
Amazing Looping Animation of Forming Tornado! Twisters are such an awesome force, can you imagine intentionally driving toward...
Elephant Steals Hat and Puts It On His Own Head! Elephants are so smart!  This elephant not only takes the tour guide's hat but...
Tree Weighed Down By Thousands of Birds That Fly Away All At Once! Are there any leaves on this tree, or is it just filled with...
Buzz Lightyear Seen Rescuing Slinky Dog! Just when you had yourself convinced that the movies aren't real, you see this!    
Adorable Prairie Dog Climbs All Over Relaxed Golden Retriever Then Falls Off! In this cute video a very sweet and tolerant...
Spy Creature - Animatronic Camera Disguised as an Animal! This camera becomes a very realistic looking animal resembling a...
Tigers Attack Drone That Invaded Their Territory! A group of tigers stalked and brought down a drone that was being flown too...
Ciara the Border Collie Pup's First Day on the Job Proves She's a Natural at Sheep Herding! Border Collies have been herding...
Boston Dynamics' New Robot Named "Handle" Can Do Remarkable Things! Boston Dynamics has released video of its newest robot...
Time Lapse Video of Record Snowfall of 20 Inches of Snow Accumulating in Jón Atli Magnússon's Yard in Reykjavik, Iceland!
Thresher Shark Creates Shock Waves With Tail That Stuns Prey! The Thresher shark's tail is as long as its body.  The snap of its...