Britain Has 'Moved Away' From Aligning With EU Regulation, Financial District's Ambassador Says

An anonymous reader shares a report: The prospect of Britain realigning its financial rules with the European Union has passed, and the country should avoid linking its regulations to any single jurisdiction, the ambassador for London's financial services sector told Reuters. Nearly a decade after Brexit, newly appointed Lady Mayor of London Susan Langley said that while maintaining dialogue with the EU remained important -- particularly on defence -- Britain should work with all nations that share its values and respect the rule of law. "We've still got huge alignment with Europe, cash flows between us are huge... Would we ever go back in terms of regulation? I think we've moved away from that," she said.

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