BBG-EU & UK Close To Deal On Post-Brexit Financial Regulation Forum

Bloomberg reporting that according to unnamed sources, the UK and EU are close to a deal on a post-Brexit financial regulation forum, and that a memorandum of understanding could be agreed to in June. Bloomberg: "The MoU on how financial regulators in the UK and the EU interact and communicate post-Brexit was initially expected in 2021. It has since been stuck in limbo, fist because of a dispute over fishing permits, and then after the EU accused then-PM Boris Johnson of breaching international law."

• This comes on the heels of anotherBloomberg story stating that UK Chancellor of the Exchequer Jeremy Hunt could attend a Eurogroup meeting of eurozone finance ministers. "Eurogroup President Paschal Donohoe is in discussions with Hunt’s team about the chancellor joining a future meeting, [...] The invitation was open-ended and was designed to promote financial stability, they added. Hunt will not attend the May 15 Eurogroup meeting in Brussels due to a diary clash but will take part at a later date [...]."
• Both of these developments continue the trend of relations between the UK and EU seemingly on an upward trajectory after a period in the deep-freeze under PM's Boris Johnson and Liz Truss. It should be noted, though, that while the rhetoric between the two sides has warmed during PM Rishi Sunak's time in office so far, the prospect of a significant deal on financial services for the UK any time soon remains slim: https://marketnews.com/mni-eu-uk-financial-service...