Britain’s EU divorce settlement preferable to no-deal Brexit: FCA

LONDON (Reuters) – Britain’s draft divorce settlement with the European Union is preferable to a no-deal Brexit even though this would leave it without a say over EU financial rules, its finance industry watchdog said on Thursday. The Financial Conduct Authority’s report was requested by parliament’s Treasury Select Committee to inform lawmakers ahead of a vote on the Brexit deal and declaration on future trading relations with the EU on Dec. 11. The finance ministry and the Bank of England published their own views on Wednesday. Read more here