At its last meeting, the European Council of EU leaders laid down two important negotiation guidelines regarding financial services: the first is to assess the possibility of adding a chapter to a future FTA that covers some aspects of financial services.
There would not appear to be much scope for liberalisation, however, because the current point of reference is CETA, the Comprehensive Economic and Trade Agreement between Canada and the EU. While CETA is one of the few Free Trade Agreements that has a section on financial services, the freedoms it provides are quite limited. 3. How to supervise cross-border banking after Brexit?