UK Regulator Seeks EU Equivalence and Cooperation

FCA chief executive says UK regulator is preparing for a range of Brexit options, and cross-border data sharing between regulators is 'essential.'

Brexit

According to Financial Conduct Authority (FCA) chief executive Andrew Bailey, the UK is committed to implementing the EU rulebook to maintain reciprocal equivalence throughout the bloc, and the regulator is working with the European Securities and Markets Authority (Esma) to smooth the aftermath of any Brexit outcome in March 2019. 

Andrew Bailey, FCA

“One broad outcome is to seek to stay closely aligned to the EU. There are good reasons for doing this – our markets are closely integrated and we

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