UK Treasury Minister Upbeat On Brexit Contract Continuity

Law360, London (December 5, 2017, 2:19 PM GMT) -- The threat of disruption to financial services contracts worth trillions of dollars that would be caused by a messy Brexit will force both the U.K. and European Union to reach a swift agreement on continuity, a senior British minister said Tuesday.

Stephen Barclay, Economic Secretary to the Treasury, said Britain was confident that it could quickly reach a bilateral agreement with the EU to allow servicing of cross-border insurance and derivative contracts to continue.

Barclay, who was giving evidence to a House of Lords committee, said...
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