Source: Reuters
BRUSSELS (Reuters) - European Union (E.U.) assessments of whether to grant market access for U.K. banks and other financial firms will not be completed in time for January, sources in the bloc said on Thursday as the estranged allies make a final push for a free trade deal.
Britain's unfettered access to the E.U. market under post-Brexit transition arrangements ends on Dec 31, leaving the City of London faced with being cut off from its biggest export customer, worth around 26 billion pounds a year.
The many separate E.U. assessments are being made by the European Commission, which declined to comment on Thursday, under the bloc's system of direct financial market access known as equivalence.
Financial services are not part of ongoing talks between Britain and the E.U. on a free trade agreement, but are being handled separately under the equivalence system.
With the trade talks snagged over three main issues, a second E.U. diplomat - who also was present at the Commission briefing - said the bloc would move more easily on the equivalence decisions if there was a breakthrough on trade.
Read more from the original article:
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
