Britain would have “fully functional” rules to remain a top global financial center even if it left the European Union without a Brexit deal, its lawmakers said on Tuesday.
They sought to reassure foreign financial firms that a no deal Brexit would not result in disarray for the City of London at a time when many banks, insurers and asset managers were already moving staff and operations to new EU hubs.
Lawmakers vote on Tuesday in a bid to end a deadlock over Britain’s divorce settlement with the EU and prevent it leaving with no deal on March 29.
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