Forget your passport: London outside the single market

UK-based banks seek simplest way to retain EU access post-Brexit

Into the unknown: "The only certainty you can operate to at the moment is that you will not have passporting rights," says Etay Katz

For investment bankers in the City of London, it's a case of once bitten, twice shy. From a professional viewpoint, most were fervently hoping the UK would vote to remain in the European Union on June 23. That didn't happen. At this point, the next best outcome would be for the UK to retain access to the single market and the so-called passporting rights that allow banks to offer key wholesale financial services across the European Economic Area. But this time around, bankers are not only hoping

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