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Comment: UK financial sector’s ‘fish for finance’ hopes miss the point

By Fiona Maxwell ( May 14, 2021, 15:31 GMT | Comment) -- The latest tussle between the EU and the UK over France's fishing rights has resulted in a delay to a key document setting out regulatory cooperation in financial services. Some in the UK financial sector are hoping that both sides can move on with a "fish for finance" deal — where UK fishing concessions would lead to better access to the bloc for services such as derivatives trading. Those hopes seem misguided as post-Brexit relations between both sides are at an all-time low and the possibility of any collaboration, even at a technical level, remains remote.The latest fracas between the UK and the EU over France’s fishing license in Jersey waters, an issue which has waded into the post-Brexit financial equivalence debate, is just that — the latest....

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