EU governments provide Brexit relief for asset managers

European governments have stepped up efforts to grant crucial concessions to UK asset managers to limit the worst effects of a no-deal Brexit. France, Germany, Italy and the Netherlands are among countries that have amended national laws to ensure UK investment companies can still serve foreign customers. British groups manage at least £1.8tn for clients in the EU. Such relationships are in jeopardy because of the likelihood that Britain will crash out of the bloc without a deal on March 29.