EU Brexit negotiator warns over risk to financial stability

The European Union's chief Brexit negotiator has warned that the bloc must be aware of the risk to financial stability during what are expected to be very tough talks with Britain.


Earlier, the Guardian newspaper reported that the negotiator, Michel Barnier, had told colleagues the EU would have to strike a "special" deal with Britain's hugely important finance sector to keep credit flowing in Europe.

However, in a tweeted message, Mr Barnier said he had not been talking about an arrangement with the City of London, one of the world's most important financial markets.

"When asked on equivalence I said: EU would need special vigilance on financial stability risk, not special deal to access the City," he said in the message.
 [rte.ie]
14/1/17
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