Andrew Bailey uses Mansion House speech to back government’s hardline stance for next round of Brexit talks
The governor of the Bank of England has called EU demands for City banks to comply with Brussels regulations unacceptable, in a combative speech backing the government’s hardline stance in the next round of Brexit talks.
Andrew Bailey said the UK should refuse to allow Brussels to restrict how the UK industry develops and look instead to global financial regulators as the main rule makers.
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