London, March 1. British Chancellor of the Exchequer Andrew Griffiths will propose closer cooperation in financial services by participating tomorrow, Thursday, in the Finanzmarktklausur sector conference in Berlin, on a visit to Germany where he will also meet his counterparts in the German government.
In his speech to business and bank executives, Griffiths will highlight that the new Windsor framework agreed with Brussels, which regulates Northern Ireland’s post-Brexit status, “shows what can be achieved” when there is a common goal.
“In the area of financial services, the Treasury is ready to continue discussions with our European partners to strengthen regulatory cooperation,” an issue that has been outstanding since the UK’s exit from the European Union, he said.
Griffiths will also convey to the German financial sector the UK’s “long-standing commitment to high regulatory standards” in finance, according to a statement from the British Treasury.
“Let me be absolutely clear: we do not, in any way, want to liberalize regulation for that. In no way will we jeopardize European financial stability. It will benefit no one,” he said.
The memo specifies that Griffiths’ visit has been planned for a long time and is part of the British executive’s strategy to strengthen cooperation in financial services with individual countries and with the European Union. EFE
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