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Wires: EU, UK Reach Agreement In Principle On Financial Services MoU

EU-UK

Wires and social media reporting that the EU and UK have reached an agreement in principle on a financial services memorandum of understanding, and an agreement on financial regulation. The MoU still has to go through a formal validation process, but the content and substance of the framework has been agreed.

  • Work on financial services had flown somewhat under the radar, given focus on vaccine spat and issues over Northern Ireland protocol. There had been some concern that those two issues could derail progress or cooperation in other areas.

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