Fund house execs challenge May with call for post-Brexit single market access

New report issued by lobby group

Executives from Aviva, Prudential, Fidelity, Allianz Global Investors and JP Morgan have backed a report calling for a priority deal for financial services firms when Britain leaves the EU and criticising third-country regimes.

According to Sky News, which obtained a final draft of a report by financial and professional services industry body the International Regulatory Strategy Group (IRSG), City firms are warning leaving the EU's passporting regime would pose serious risks to London. IRSG is chaired by former Treasury minister Mark Hoban and includes executive board members from Allianz Global Investors, Aviva, Fidelity, Prudential and JP Morgan. Produced by law firm Hogan Lovells and lobby group TheCityUK, the report - entitled The EU's third country regimes and alternatives to passporting - argues that ...