The FCA has published a speech by Andrew Bailey, Chief Executive of the FCA, on Brexit, following the agreement reached between the UK and EU on a transition period.
Key issues highlighted by Mr Bailey include:
- the importance of a transitional period for everyone involved in financial services on both sides;
- the need for continuing authorisation for firms which are undertaking cross-border business between the UK; and
- the need to work with EU regulators to find common solutions.