2nd February 2017

BBA comments on the Government’s white paper on Brexit

Anthony Browne, CEO of the BBA said: The Government’s commitment to free trade in financial services and a phased process of implementation provides important clarity on the kind of relationship the UK will seek with the EU.

“All existing EU member states have a mutual interest in ensuring that there’s a smooth exit and securing post-Brexit arrangements that recognise the close ties between our financial systems. The Government’s support for interim arrangements is essential to ensure there are no cliff-edge effects when the UK leaves the EU.

“We will continue to work with Government and regulators to support their negotiation strategy to agree a new partnership with the EU.”

ENDS

For more information please contact the BBA press office on 020 7216 8989.