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UK financial-services equivalence must wait for tougher tax constraints, Green lawmakers say

( January 7, 2021, 13:21 GMT | Official Statement) -- MLex Summary: An EU-UK trade deal is too soft on tax and money laundering issues, allowing London to deregulate and create a "Singapore-on-Thames," two Green party Members of the European Parliament have told the European Commission. Financial equivalence, granting UK banks and investment firms access to EU clients, should wait until constraints are toughened up, co-president Philippe Lamberts and economic spokesperson Sven Giegold told commission negotiator Michel Barnier and president Ursula von der Leyen in a letter published today and previously seen by MLex.Statement from Sven Giegold follows. Letter attached. ...

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