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UK’s financial services ambitions could boost City of London

October 2, 2020, Global Risk Regulator

John Ahern and Francis Maude are quoted in Global Risk Regulator regarding trade deals that will significantly impact the city of London.

Mr. Ahern spoke about a UK-Japan trade deal that will improve financial services access. He says, “It is good the UK reached an agreement with Japan, it gives confidence that deals can be concluded elsewhere, but Japan is not the holy grail.”

Mr. Maude discussed a UK financial services deal with the U.S., saying, “I’ve always been skeptical of the benefits of a UK-U.S. trade deal, on how much it will deliver and the U.S. is going through a protectionist cycle and I don’t see that changing. The U.S. is difficult to negotiate with. I saw that in my short time as trade minister when the EU and U.S. were trying to negotiate TTIP (Transatlantic Trade and Investment Partnership).” Those talks eventually collapsed.

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