City delegation heads to Brussels to propose 'mutual access' Brexit plan

Led by Mark Hoban

Laura Dew
clock • 1 min read

Conservative MP Mark Hoban is leading an independent delegation from the City of London to Brussels to discuss the Brexit outcome for financial services.

Since the EU referendum last June, financial services firms have been nervous about the potential loss of 'passporting' arrangements which allow them to trade cross-border.  According to the Financial Times, Hoban (pictured), a former Minister for Work and Pensions, is leading the delegation independent of the government.  JPM chief Dimon warns Hammond against rushed Brexit The proposed plan is based on 'mutual access', which would allow the UK and EU member states to operate in each other's markets without barriers. It would also include shared regulatory supervision and joint dis...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asset Managers

Should boutique asset managers care about corporate PR?

Should boutique asset managers care about corporate PR?

One in six set to disappear in next four years

Henry Adefope
clock 17 October 2023 • 4 min read
FCA to consult on amending regimes for alternative fund managers and retail funds

FCA to consult on amending regimes for alternative fund managers and retail funds

Three main priorities for reform

Valeria Martinez
clock 12 October 2023 • 3 min read
Woodford investors to vote in single class as scheme of arrangement vote delayed

Woodford investors to vote in single class as scheme of arrangement vote delayed

Sanction hearing 18 January

James Baxter-Derrington
clock 12 October 2023 • 3 min read
Trustpilot