LORDS

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

Witnesses

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

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