City Minister gives evidence on financial services after Brexit

John Glen MP
10 October 2018

EU Financial Affairs Sub-Committee takes evidence from City Minister on Brexit and financial services


Wednesday 10 October in Committee Room 4A, Palace of Westminster

At 10.00am

  • John Glen MP, Economic Secretary to the Treasury
  • Richard Knox, Director for Financial Services (International), HM Treasury
  • Lowri Khan, Director for Financial Stability, HM Treasury

Likely questions

The Committee is meeting John Glen MP, Economic Secretary to the Treasury and City Minister in an one-off session to discuss the financial services sector and Brexit, asking questions such as:

  • How many financial services jobs has the UK lost since the referendum?
  • What progress has been made on the issue of contractual continuity?
  • How is the Treasury approaching the statutory instruments (SIs) related to the onshoring of the EU acquis? How is the industry being consulted on the drafting of the SIs?
  • Why did the Government abandon its previous proposals for a system of ‘mutual recognition’ with the EU in financial services?
  • What are the Government’s main priorities for addressing the shortcomings of the EU’s current equivalence regime?
  • How will the UK's own system for granting equivalence for other jurisdictions work?
  • What is the Government doing to address the City's concerns related to data transfers and access to talent?

Further information

Image: Parliamentary copyright

More news on: Parliament, government and politics, Parliament, Economy and finance, European Union, Business, industry and consumers, Financial institutions, Financial services, House of Lords news, Lords news, Committee news, Exiting the European Union

Share this page