Reuters: Large UK-based international banks want transition period of up to five years after BrexitAccording to a document prepared by law firms and seen by Reuters, large UK-headquartered international banks want the Government to allow their industry to remain subject to EU law for a period of up to five years after the UK formally leaves the EU – and are reportedly also pushing to remain subject to jurisdiction of the European Court of Justice during this transition period.
Meanwhile, the Financial Times reports on a leaked memo drawn up by a City of London Corporation representative after a meeting with …read more
Source: Open Europe