The EU has consistently said since the June 2016 referendum that it's not looking to punish Britain for its vote and is working to get a deal on the future relationship that works for both sides but which is consistent with its rules.
He said: "There was this Mansion House speech by Mrs May, but it was mainly repeating the red lines that we know already".
The UK and the European Union are set to negotiate a deal later this month that will largely keep things as they are until 2020, but a number of companies are already concerned about the long-term impact on the industry that employs over 800,000 people and generates turnover of £77.5 billion.
Britain has said it will adhere to EU regulations for a time-limited period after it leaves the European Union in March 2019, and hopes the details of this transition, or implementation, period, will be finalised at a summit with the EU on March 22-24.
One shouted at him: 'It's a British issue'.
Accepting that UK-based banks will lose their passporting rights to provide services across the EU, May promised more details shortly on how the United Kingdom government envisions financial services as part of a comprehensive trade agreement.
"The UK is interested in having a close partnership with the EU".
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"As the clock counts down with one year to go, it is now time to translate speeches into treaties, to turn commitments into agreements, broad suggestions and wishes on the future relationship into specific workable solutions", Juncker told the European Parliament in Strasbourg.
That proposal, Foster said, was "entirely unacceptable" and represented "an act of bad faith on the part of Brussels".
"We anticipate this notification will be a relatively simple process and that a system to enable firms and funds to do this will be set up ahead of exit day", the FCA said on its website.
Jyrki Katainen also gives us the European Commission's take on other pressing issues, including moves to dump non-reusable plastics from our daily lives and clean up our oceans; and the latest steps towards merging at least some aspects of defence and the military in Europe.
Former Ukip leader Nigel Farage said the European Union was trying to "bully" Britain.
In early 2017, before Article 50 was triggered, there was talk in Brussels of "Canada dry" being the likely outcome for the future UK-EU deal.