Brexit and financial services: where have we got to?

Brexit and financial services: where have we got to?

Speech

Brexit and financial services: where have we got to?

In his 2018 Mansion House speech, Andrew Bailey addressed the critical challenges of Brexit preparations, emphasizing the FCA's readiness for both transitional and "no-deal" scenarios. He highlighted the essential need for Memorandums of Understanding (MoUs) with EU counterparts to maintain data sharing—noting that the FCA currently shares approximately 70% of its transaction reports with the EU.

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