The 'passporting' of payments in the post-Brexit picture
James Borley, 03 March 2021

Snatching victory from the jaws of defeat, the United Kingdom and the European Union finally agreed a trade deal at the end of last year, just when the Brexit transition period expired. Although some commentators had retained a forlorn hope that financial services would be on the table, and that ‘passporting’ rights currently enjoyed by UK firms could continue, nothing of the kind materialised.