EU to scrap financial market access for some countries in Brexit warning shot
(WorldNews Business)

LONDON/BRUSSELS — The European Union is set to block some countries from accessing parts of the bloc’s financial market for the first time, an EU document seen by Reuters showed, a step that will ring alarm bells in Britain in the run up to Brexit. The document takes stock of the EU’s so-called “equivalence” system, under which Brussels grants financial-market access to non-EU banks, investment firms, clearing houses or credit...