SOFIA (Reuters) - The EU’s chief negotiator on Brexit said on Thursday the bloc’s existing system of market access for foreign financial firms can work well for Britain after it leaves the European Union.
This would reduce the chances that Britain’s financial sector will get a bespoke deal.
“Why would the equivalence system, which works well for the U.S. industry, not work for the City?,” Barnier told a financial conference in Sofia, the Bulgarian capital.
Reporting by Francesco Guarascio, editing by Robin Emmott
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