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Brexit White Paper response: insurance industry "too important to be a rule taker"

Commenting on the publication today (Thursday 12th July) of the Government's White Paper on the future relationship between the UK and European Union post-Brexit, Huw Evans, ABI Director General, said:

“Publication of the White Paper is an important step in the Brexit negotiations. Whatever the final outcome, the insurance industry is too important to be a rule taker. Having to comply with financial regulations we have no say over would be the worst possible scenario for our world leading insurance sector, so we will look to the Government to negotiate a better outcome than this.”

Last updated 12/07/2018