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    Britain's finance industry drops demands for passporting after Brexit /Link

    People walk accross a plaza in the Canary Wharf financial district at rush hour during a strike on the Underground by members of two unions in protest at ticket office closures and reduced staffing levels, in LondonBy Andrew MacAskill and Huw Jones LONDON (Reuters) - Britain's finance industry has given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial products. Banks, insurers and asset managers have come to the conclusion there is no realistic chance of maintaining full passporting rights after Brexit that would allow them to sell all their services across the 28-nation bloc from Britain. TheCityUK, the country' most powerful financial lobby group, has listed 17 points in a two-page document published on Thursday that calls for limited market access for some finance sectors based on a pact in which Britain and the EU would accept each other's rules.





    Published on 12 Jan 2017 at 09:57AM








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