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EU-UK financial services agreement could bring return to equivalence discussions, official says

By Phoebe Seers ( May 22, 2023, 16:27 GMT | Insight) -- EU-UK discussions on equivalence decisions for financial services could resume once a post-Brexit agreement on cooperation, published last week, has been signed, a European Commission official said. But Massimo Zaffiro cautioned against giving too much significance to the memorandum of understanding, saying that equivalence was an EU decision only and would be influenced by the extent to which the UK regulatory framework diverged.EU-UK discussions on equivalence decisions for financial services could resume once a post-Brexit agreement on cooperation, published last week, has been signed, a European Commission official said....

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