UK firms must prepare for Brexit risks – FCA
EU and UK have yet to agree on equivalence, senior official warns
A top policy-maker at the UK’s Financial Conduct Authority has warned firms need to prepare for hard Brexit risks that are “outside of its control”.
Nausicaa Delfas says firms must be ready for “a range of scenarios” by the end of the year.
The UK left the European Union in January 2020, entering a transition period that is due to end in December this year. Delfas is the FCA’s executive director dealing with international affairs.
She says there are certain risks that are “outside of [the FCA
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