City of London’s Plight Laid Bare as Hopes for Brexit Deal Fade

One week in, the City of London is coming to a hardening realization about its post-Brexit future: a financial services accord with the European Union may be too little, too late to protect its dominant position. Negotiations are set to kick off soon to determine regulatory co-operation between the U.K. and EU, after the industry was largely sidelined in the trade deal that marked Britain’s split from the EU on Dec. 31. So far details — including who will head up the discussions — are scarce, adding to the gloom among finance executives about the chances of an agreement on market access. Those talks — centered … (full story)

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