The UK government needs to rethink rules governing international financial institutions’ access to its markets post-Brexit to attract business from new markets, according to a new report from an influential group of financial law specialists.
The paper, published by the International Regulatory Strategy Group in partnership with law firm Hogan Lovells, called for UK policymakers to issue new guidance to help overseas firms “understand what services they can provide to UK users of financial services, either with or without authorisation in the UK”.