UK traders find ways around Brexit

1 week ago Cyprus Mail CyprusMail Cool

UK traders find ways around Brexit

As there was almost nothing in the Brexit agreement on rules for UK financial services firms to operate in the European Union, UK traders are effectively cut off from operating in EU Markets. So they are finding ways to get around this.

These practices continue in despite of a warning statement from the European Securities and Markets Authority (ESMA) on Wednesday about “some questionable practices.”

While Brussels and London debate “equivalencies,” meaning the conditions under which market access might eventually become possible for UK traders legally to access clients and deals in the...

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UK traders find ways around Brexit

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