December 20, 2017 / 11:41 AM / in a year

Not aware of free trade deal with access for financial services - Barnier

European Union's chief Brexit negotiator Michel Barnier holds a news conference at the EU Commission headquarters in Brussels, Belgium December 20, 2017. REUTERS/Francois Lenoir

BRUSSELS (Reuters) - The European Union’s chief Brexit negotiator Michel Barnier said he was not aware of any free-trade deal the EU had concluded which included unfettered access for financial services.

“I remind you that I’m not aware of any free-trade deal in the past between the European Union and third countries that would have allowed privileged access for financial services,” Barnier told a news conference in Brussels on Wednesday.

Several large London-based financial institutions have already set up subsidiaries in the European Union to preempt the moment Britain leaves the bloc.

Reporting by Robert-Jan Bartunek; editing by Robin Emmott

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