City A.M.
| Momentum gathers behind mutual recognition to govern City after Brexit as UK Finance publishes second report backing ambitious FTA for financial services
Momentum is gathering behind mutual recognition and a free trade agreement (FTA) as the basis for the City after Brexit, with a second report arguing it is the best possible route.
The blueprint, written by UK Finance with support from law firms Clifford Chance and Global Counsel, argues for a "bold and ambitious" FTA for financial services after leaving the European Union, which will be based on mutual recognition. Our "unparalleled" position of convergence offers the UK and EU an opportunity to create "a robust and flexible market access model", it claims.