McGuinness warns EU “must be ready” for Brexit financial consequences

The EU must be ready for the consequences in the financial sector once the UK becomes a ‘third country’ from next January.

That was the warning from Ireland’s EU Commissioner Designate Mairead McGuinness.

She was speaking at her hearing this morning before the European Parliament’s Economic and Monetary Affairs Committee.

MEPs from the Committee will first have to decide whether or not to approve her appointment before all of the MEPs in the Parliament get to vote on her nomination.

The financial consequences of Brexit was one of the topics Mairead McGuinness addressed during her hearing.

Out words: our supervision

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