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China Daily / 2021-02 / 23 / Page011

UK banks seek more help amid Brexit haze

By EARLE GALE in London | China Daily | Updated: 2021-02-23 00:00

The United Kingdom's banks have called on the nation's government to do more to support their post-Brexit future.

Acting collectively as UK Finance, they said in a report published on Monday that London must develop an ambitious strategy to boost the export of financial services after a post-Brexit trade deal with the European Union largely neglected the sector. "The sector is of major importance to the UK economy," the UK Finance report said.

The Financial Times newspaper said the banks want a flurry of "regulatory diplomacy" to get institutions, including the Bank of England and the Financial Conduct Authority, working with the EU on improving access to the bloc's markets.

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