EU and UK eye closer financial services regulatory cooperation with Brexit agreement

Memorandum of understanding

The European Commission has adopted a draft memorandum of understanding to create a framework of financial services regulatory cooperation with the UK.

If signed by both parties, the draft MoU would create an administrative framework for voluntary regulatory cooperation, including an EU-UK joint Financial Regulatory Forum, which would serve as a platform to facilitate regulatory dialogue. EU backtracks on asset management mis-selling reforms - reports The move follows the Joint Declaration on Financial Services Regulatory Cooperation accompanied by the Trade and Cooperation Agreement signed by the UK and EU as part of Brexit. Mairead McGuinness, EU commissioner for financial services, financial stability and capital markets union,...