Banks urge Britain and EU to sort out financial market access

AFME said ensuring that EU investors can continue using clearing houses in London needed addressing before the end of September to avoid customers having to move derivatives positions elsewhere

LONDON: Britain and the European Union need to make progress on EU financial market access given that the coronavirus crisis will make it even harder to cope with potential disruption if there is no agreement, banking lobby AFME said on Monday.

Britain left the EU in January but has full access to the bloc under a transition period that runs until the end of December.