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UK and EU financial reforms will have modest impact

Friday, December 30, 2022


UK Chancellor Jeremy Hunt unveiled the 'Edinburgh Reforms', which seek to loosen regulations in order to boost post-Brexit growth and innovation. EU reforms include plans to reduce European dependence on UK clearing houses by forcing European investors to open accounts at clearing houses located in the EU.


  • Pressure from Conservative Party MPs will force Prime Minister Rishi Sunak to keep regulatory divergence high on the political agenda.
  • London will focus on closer cooperation with countries such as Singapore and Switzerland to offset the decline in trade with the EU.
  • The EU may permit European banks and investors to continue using UK clearing houses beyond 2025.

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