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Brexit

EU finance deal seen following US model in blow to Brexit optimists

Lobbyists in the City with knowledge of the talks are sceptical — calling such a model the 'lowest possible version' of a future UK-EU framework

The prime minister's office in February complained about the bloc’s unwillingness so far to grant the UK equivalence
The prime minister's office in February complained about the bloc’s unwillingness so far to grant the UK equivalence Photo: Getty Images

Talks between European and UK officials on the post-Brexit framework for financial services are expected to conclude with an agreement for regulators on both sides to meet regularly to discuss future rule-making and share information, according to people with knowledge of the talks.

The two sides are expected to agree to terms for future financial services interaction between the European Union and UK markets based on an existing framework between the EU and the US, one person familiar with the matter said.

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