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ABI comment on Brexit Political Declaration

Huw Evans, Director General of the Association of British Insurers, commented:

Huw Evans, ABI Director General“It is vital for our industry’s customers that we have an orderly withdrawal process and transition period and any progress towards that is welcome. Regulatory co-operation is very important and must follow from any political agreement. We are pleased to see today’s commitment to assessing equivalence as soon as possible.

“The crucial longer-term test is whether our future relationship with the European Union avoids our world-leading insurance & long-term savings sector becoming a rule-taker. It remains  far too early to judge whether we will be able to avoid that fate.”

Last updated 22/11/2018