Britain tells EU not to politicise financial market access

FILE PHOTO: John Glen, local Member of Parliament for Salisbury and South Wiltshire, talks to the media in Salisbury, Britain, April 3, 2018. REUTERS/Hannah McKay

LONDON (Reuters) - The City of London's access to the European Union after Brexit should not be politicised by the bloc, given that Britain will maintain high regulatory standards in future, the UK's financial services minister said on Monday.

So far, Brussels has only granted time-limited market access, known as "equivalence", for clearing derivatives and settlement of securities trades even though Britain is still applying EU rules in full.