This agreement is a vital element of the expected memorandum of understanding (MoU) on the financial sector:
The European Parliament today approved the Trade and Cooperation
Agreement between the EU and the United Kingdom. This agreement is a
vital element of the expected memorandum of understanding (MoU) on the
financial sector: although final political approval is still pending,
the ratification of the agreement creates a solid legal basis with the
potential to speed up the process.
“We see the green light from the European Parliament as a good sign:
we welcome the ratification of the Trade and Cooperation Agreement. We
finally have a sound basis for the future relationship between the EU
and the United Kingdom. Such a basis is urgently needed for cooperation
in the financial sector as well. The planned memorandum of understanding
must be finalised and published in order to establish a financial
dialogue and clarify market access issues. Further delay would be
grossly negligent,” said Andreas Krautscheid, Chief Executive of the
Association of German Banks.
BDB
© BDB - Bundesverband Deutscher Banken
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