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UK and EU need closer financial ties, Bank of England's Bailey says

( May 29, 2025, 16:08 GMT | Official Statement) -- MLex Summary: The governor of the Bank of England has said that the EU and UK should keep open financial markets and close ties. "There is merit in seeking to increase the openness of our financial markets by reducing non-tariff barriers," Andrew Bailey said, speaking in Dublin. The UK and EU are strengthening their domestic capital markets, Bailey said, but he argued that access to global capital is needed to finance some of the structural challenges faced by both jurisdictions, including defense and security, and climate transitions.Speech is attached....

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