London City leader makes case for selective ditching of EU rules
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LONDON (Reuters) - A senior official from Britain's insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London's appeal as a competitive global financial centre.Britain left the European Union on Jan. 31 and will have full freedom to write its own rules for banks, asset managers and insurers once a transition period ends on Dec. 31.The financial services sector is Britain's biggest tax contributor, generating 75.5 billion pounds ($98 billion) annually..