TheCityUK responds to the announcement of Michel Barnier as the Chief Negotiator for the European Commission

TheCityUK said:

Michel Barnier has a deep understanding of financial services – an industry that has to be an important component of a successful new relationship between the UK and the EU. The UK is the financial centre of Europe and we look forward to working with the Commission, the Council and the Member States to achieve an agreement that delivers mutual benefits for the UK and the 27 Member States. Firms across the EU and the UK must be able to continue to best serve their customers, drive investment into the wider economy and create jobs and growth. We also want the industry – across the UK and the EU – to remain regulated by globally leading standards so that our customers can have confidence in the industry’s resilience and stability.