UK and EU move closer to pact on post-Brexit financial regulation

The agreement was on hold due to the UK-EU row over Northern Ireland, but was unlocked by the Windsor Framework.

Canary Wharf in London (John Walton/PA) (PA Wire)

The UK and EU have taken a “significant step” towards closer post-Brexit ties on financial services regulation, a Treasury minister has said.

The UK and European Commission have published a draft memorandum of understanding (MoU) on regulatory co-operation in the sector.

The UK financial sector’s previously unfettered access to the EU was largely cut off after Brexit.