EU, UK closer to signing delayed deal on financial services


The EU on Wednesday moved forward with a delayed agreement with Britain to advance cooperation on financial services regulation as the two sides build on improved ties.

Brussels and London concluded an agreement known as a memorandum of understanding in March 2021 but it was never signed as relations soured quickly over the overhaul of Northern Irish trade rules.


But that issue has been resolved after the European Union and Britain formally adopted another post-Brexit trade deal in March this year, known as the “Windsor Framework”.
London, a global financial hub, has been keen to get a deal on financial services.—AFP