British Clout Over EU Banking Rules Already Fading

Law360, London (September 19, 2016, 7:15 PM BST) -- The U.K.'s influence over European Union banking regulation is starting to wane after its June vote to pull out of the bloc, leaving the country's vast financial services sector without a voice on future rulemaking and a choice between compliance or exclusion from the big EU market.

The nation's historic decision to leave the EU has cast uncertainty across London's most prominent sector, which has long benefited from the ability to passport into markets across the EU from the U.K. as well as from the nation's voice in policymaking. With the official beginning of Brexit talks still months off, banks and...

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