UKs Davis: City of London is key European asset

Speaking on Brexit

He adds:

• Avoiding financial services fragmentation is prize for EU
• Wants to agree on implementation period by early 2018
• once durable post Brexit regulatory setup for banks
• sees transition agreed very early next year

The UK Brexit secretary is trying to remain positive and protective of the financial services market which is key for the UK to keep. It seems to me to be a "key UK asset".