The UK chancellor said on Sunday that Brexit offered Britain a chance to do things differently in financial services, despite Boris Johnson admitting the deal 'does not go as far as we would like' over the sector's access to EU markets. Under a system known as equivalence, access will not be granted to banks, insurers and other financial firms based in Britain unless their home rules are deemed by Brussels to be 'equivalent', or as robust as regulations in the bloc
Boris Johnson admits Brexit deal falls short for financial services