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UK bank chief urges EU to drop City trading restrictions
By EUobserver
Bank of England governor Andrew Bailey has accused the EU of "double standards" in letting Australian, Canadian, and US traders do business in Europe, but not City of London ones after Brexit. "Now is not the time to have a regional argument," he told The Times Thursday, referring to economic fallout from the pandemic. At least €6bn of trading and 7,000 financial jobs have moved to Europe since Brexit.