Forget equivalence, the City of London needs a post-Brexit plan

Helen Thomas
·4-min read

The latest “deal” between the UK and the EU was meant to clear a path to a new way of operating for the City of London. The Trade and Cooperation Agreement, sealed in December, specified the two sides should find some common ground on financial services by the end of March. It was possible, theoretically, that this document could have signalled a substantive working relationship with technocratic collaboration and a route towards the equivalence decisions that would allow UK companies to operate more freely within the EU.