City Minister gives evidence on financial services after Brexit
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
- 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
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?
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