UK will not be a 'rule-taker', Andrew Bailey tells EU

Equivalence debate

David Brenchley
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Bank of England governor Andrew Bailey
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Bank of England governor Andrew Bailey

Andrew Bailey has accused the European Union of holding the UK to standards it would "not agree to be held to itself" and said the UK would not be a post-Brexit "rule-taker".

The EU has yet to grant "equivalence" status to the UK, instead demanding UK banks continue to comply with standards set in Brussels. The bloc has said it wanted to wait and see how far the UK's new rules...

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