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Economic Secretary to face Lords EU Committee questions

How is the Government providing legal certainty to the financial services industry through the Withdrawal Bill process? Could a split domestic/international regulatory regime be workable? Should we be concerned that equivalence decisions may render the UK a rule-taker?

These are among the questions the House of Lords EU Financial Affairs Sub-Committee will be raising with Stephen Barclay MP, Economic Secretary to the Treasury, on Tuesday 5 December 2017.

Questions the Committee is also likely to ask Mr Barclay at 11am include:

  • How will currently in-flight legislation be translated, in particular Acts that have been agreed but are not in force prior to 2019?
  • What are the most significant regulatory barriers to the UK's international competitiveness that Brexit will allow the Government to address?
  • The Chancellor's budget increased the resources of the British Business Bank (BBB) by two-thirds. Is this enough, in light of the anticipated departure of the UK from the European Investment Bank (EIB)?
  • Are you optimistic that Brexit will actually lead to the opportunity for more regulatory tailoring?
  • The Committee has heard evidence that contractual continuity is a key concern for the industry. How is the Government mitigating this risk?

The evidence session will take place from 11am on Tuesday 5 December in Committee Room 4 of the House of Lords.

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