McGuinness says EU-UK financial co-operation hinges on Britain keeping its word

Ms McGuinness said the EU's goal was not to "steal" business from London but to build up its own financial market infrastructure

EU financial services chief Mairead McGuinness has said UK access to the EU's financial market hinges on trust.

The EU is not intent on stealing business from the City of London, but future access for Britain to the bloc's financial market will hinge on whether it can be trusted to keep its word, EU financial services chief Mairead McGuinness has said.

Trading arrangements for the North of Ireland since Britain left the EU have created tensions, with Britain unilaterally delaying the implementation of some provisions in the Northern Ireland Protocol.