Q&A: EU’s Hübner on Brexit and future of equivalence
Top EU lawmaker discusses improvements to equivalence, contract continuity and clearing relocation
In Brexit, as in many endeavours, setting out red lines is proving easier than coming up with new ideas. After the vote to leave, it has taken the UK more than two years to publish a detailed proposal for a future relationship with the European Union.
Likewise, Danuta Hübner, a leading voice on Brexit in the European Parliament, has a clear idea of what kind of arrangement will not work for financial services. She is less forthright about possible alternatives.
“From the EU side, it is clear
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