FILE PHOTO – A share trader starts his trading systems at the start of the trading session the stock exchange in Frankfurt, Germany, January 16, 2019. REUTERS/Kai Pfaffenbach
LONDON (Reuters) – The European Union’s markets watchdog said it has reached an agreement with counterparts in Britain for supervising credit ratings agencies and transaction reporting bodies if there is a no deal Brexit in two months’ time.
The European Securities and Markets Authority (ESMA) also said it has reached agreement with the Financial Conduct Authority in Britain on sharing information to allow cross-border asset management activities to continue if Britain leaves the bloc with no deal.
Reporting by Huw Jones, editing by Lawrence White
Our Standards:The Thomson Reuters Trust Principles.