Bloomberg: Brexit Backer Says Bank Freedom Starts by Embracing EU Rules
A leading Brexit backer says the U.K.’s path to deliverance from the constraints of Brussels begins with imposing sweeping new European Union rules on the country’s financial markets.
The U.K. should ensure that the EU market-rule overhaul known as MiFID II enters into force as intended in January 2018 to avoid complicating the government’s talks on secession from the bloc, said Jacob Rees-Mogg, a Conservative lawmaker in Parliament’s Treasury Committee and an outspoken Brexit supporter.
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