Britain must respect all EU rules to keep access to markets: ECB's Villeroy
Reuters
Published Jul 06, 2016 04:11AM ET
Britain must respect all EU rules to keep access to markets: ECB's Villeroy
PARIS (Reuters) - Britain must respect all EU rules if London aims to keep access to the bloc's financial markets after it leaves the European Union, ECB governing council member Francois Villeroy de Galhau said on Wednesday.
Speaking at a financial conference in Paris, Villeroy said that London could not expect any "cherry-picking and free-riding" when it negotiates its future trade relationship with the EU.
"For the UK to maintain access to the single financial market, all the usual EU rules should be strictly respected," Villeroy, who is also the governor of the French central bank, said.
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Written By: Reuters
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