BoE's Woods: EU’s message on mutual recognition for financial services has been ‘consistently negative’

Sam Woods, BoE deputy governor for banking supervision, recently crossed the newswires, providing the below-seen quotes, via Reuters.

• EU’s message on mutual recognition for financial services has been ‘consistently negative’.
• Some politics ‘in the mix’ of EU's view on contract continuity of derivatives post-Brexit.
• EU view that action isn’t needed on contract continuity of derivatives post-Brexit is ‘wrong-headed.’