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QOTD -- #Brexit

Today's QOTD provides the perfect snapshot of the British Government's hardline commitment to regulatory autonomy from Brussels. Note in particular that the decade-old drive for regulatory autonomy is primarily about having the freedom to exceed continental bank regulation standards.

Those familiar with the EuroArea bond risis origins of Brexit (summarized HERE) will not be surprised to see "gold-plating" being raised again in the context of Brexit trade negotiations.

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