City of London is far from finishing its Brexit obstacle course

London |The City of London averted one disaster with the draft Brexit deal announced on Thursday (AEDT). But the obstacle course is far from over.

Even if the UK Parliament clears the agreement - and that's still far from a sure thing - negotiations on a new financial rulebook will continue well into 2020. The bottom line is that banks, brokers and asset managers will continue to prepare for the talks going off the rails.

Bloomberg