'Be under no illusion' on financial services, Barnier tells Britain

STRASBOURG (Reuters) - British authorities should be "under no illusion" on financial services in future relations with the European Union after the Brexit transition period ends, EU chief negotiator Michel Barnier said on Tuesday.Britain and the EU will lose privileged access to their respective financial markets when the Brexit transitional period expires at the end of December. After that, financial firms could continue servicing clients on the other side of the Channel only in some sectors..