Luxembourg’s ‘provocative’ Brexit solution for financial services
By Will Grahame-Clarke, 1 Nov 17
In a speech examining the impact of Brexit on European Financial Centres Luxembourg finance minister Pierre Gramegna says the UK has five Brexit options to choose from.
The Swiss Model
According to Gramegna the Swiss model boils down to 120 bilateral agreements which ‘cover a lot of ground’ but don’t go as far as giving passporting rights.
However, the Swiss solution does offer the blue print of firms opening subsidiaries in the EU he said.
Tags: Brexit | Luxembourg
