Data Concerns Could Leave Payment Firms In The Lurch After Brexit

As the UK financial services sector prepares for life outside the European Union, concerns are being raised about the potential barriers to data flows between the two jurisdictions.

Early in the Brexit process the EU was quick to dismiss UK hopes of a “mutual recognition” system, whereby the free flow of services between the two could continue unabated based on recognition that the UK’s regulatory regime mirrored that of the EU.

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