Analysts at TD Securities explain that the reports overnight on a post-Brexit financial services deal do not represent a major breakthrough for the sector. Key Quotes “From what details are available, the deal that has been struck is for a form of financial services equivalence. This is, notably, not financial services passporting. Equivalence is an EU designation shared by other countries such as the US and Canada, and allows for some friction-less trading in financial services, but importantly, still requires EU subsidiaries for a number of functions.” “Importantly, for the last six months, both sides have communicated that this was the ultimate goal for the sector. The UK and the EU have therefore only formalised something that had been publicly acknowledged for quite some time. At best, it marks continued gradual progress toward a deal on the Withdrawal Agreement, which we expect to be signed off later this year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Why Crypto Brains are Betting on a November Rally Natascha Sing 4 years Analysts at TD Securities explain that the reports overnight on a post-Brexit financial services deal do not represent a major breakthrough for the sector. Key Quotes "From what details are available, the deal that has been struck is for a form of financial services equivalence. This is, notably, not financial services passporting. Equivalence is an EU designation shared by other countries such as the US and Canada, and allows for some friction-less trading in financial services, but importantly, still requires EU subsidiaries for a number of functions." "Importantly, for the last six months, both sides have communicated that this was… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
