2 ms·
> What Europe should do is let Britain go, and then allow the free trade which is better for everyone. One of the contentious issue is passporting: Financial p
by Xylakant 10y ago
> What Europe should do is let Britain go, and then allow the free trade which is better for everyone.
One of the contentious issue is passporting: Financial products (insurances, funds, ...) that are regulated in one EU country can be sold in all of them. A lot of them are registered in the UK - namely the City of London due to favorable conditions. Please explain: Why would the EU allow financial products that are regulated by a foreign jurisdiction? Is there any good reason for that? Does NAFTA include similar provisions?
- zeveb 10y ago> Why would the EU allow financial products that are regulated by a foreign jurisdiction? Why would the EU prevent its citizens from purchasing the financial products they wish to purchase?
- Xylakant 10y agoWhy do you need to follow US regulations and bookkeeping laws if you want to trade at the Wall Street? Why is the DB subject of a U.S. Department of Justice investigation?
- kal31dic 10y agohttp://www.cnbc.com/2016/07/07/theres-a-little-known-eu-rule-that-may-stop-the-brexit-banking-exodus.html http://www.cnbc.com/2016/07/07/theres-a-little-known-eu-rule... There's much to be decided still. It's premature in the extreme to make assumptions that there won't be a reasonable solution just because at this point things aren't yet clear.