The pact allows U.S. insurers and reinsurers to “cut red tape for their cross-border operations,” USTR Robert Lighthizer said in the statement. The UK has signed a deal with the US Treasury and Trade ' ’s office to allow US banks and reinsurers to " avoid red tape for their cross - border operations " after the UK joins the EU on 29 March , 2019 . The agreement , signed on 19 December , will bring " regulatory certainty and continuity " , according to a US official .
The UK has signed a deal with the US Treasury and Trade ' ’s office to allow US banks and reinsurers to " avoid red tape for their cross - border operations " after the UK joins the EU on 29 March , 2019 . The agreement , signed on 19 December , will bring " regulatory certainty and continuity " , according to a US official .