After years in the making, Brexit has completed and the United Kingdom ended the transition period with a deal as at 23.00 on 31 December 2020. As was widely predicted, the Brexit Deal was reached at the last minute with joint announcements from both leaders made on the afternoon of Christmas Eve. Given that financial services was not on the negotiating mandate, it was no surprise that it was not covered in any great detail in the Brexit Deal.
In this insight, Matheson's Financial Institutions Group considers the limited treatment of financial services in the Brexit Deal and what that means for financial services firms now and into the future.
Originally published 13/01/2021.
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