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Slovak PM says European Union will make Brexit painful for UK

The list included Goldman Sachs, Amazon, Morgan Stanley, IBM and BlackRock.

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In line with her remarks a day earlier at a United Nations summit on refugees, Mrs May devoted much of her address to urging a tougher stance amid the massive flow of migrants into the West.

She will add that “if we only focus on what we do at home, the job is barely half done”.

“In particular, we consider that the third-country equivalence provisions contained within the incoming MiFID II EU directive may provide firms with an alternative means of accessing the single market”, said Simon Ainsworth, senior vice president at Moody’s.

The European Economic Area is seen as an “EU light” option, which gives member states, such as Norway, access to the single market in return for adopting most EU legislation.

Mrs May told reporters accompanying her on her visit to the UN General Assembly in NY that a deal would be done and she had previously had constructive talks with Mr Fico.

She acknowledged that concern about migration was one of the key drivers for the Brexit vote.

On a mission to shore up British clout after the shock vote to leave the European Union raised questions over the future unity of the West, Prime Minister Theresa May will tell leaders on Tuesday that Britain will not turn away from the world.

U.S. banks are keen to maintain passporting rights which make it easier for financial institutions to conduct business across the EU. The second gathering consisted of a reception for approximately 60 American executives. “And every day in the United States one million people wake up and go to work for a UK company”, May told the business leaders.

May is accompanied on the trip by her Indian-origin minister for global development Priti Patel and United Kingdom foreign secretary Boris Johnson.

Mrs May continued: “What Liam is doing is encouraging British businesses to export and that’s an important part of his role as Secretary of State for International Trade”.

May is under pressure to maintain London’s stature as a centre of finance. That has been the position of Chancellor of the Exchequer Philip Hammond, but people familiar with his thinking said Friday he has accepted this could be impossible to achieve.

She will take part in a high-level summit on the migrant crisis, where she is pressing for a recognition that countries have the right to control their own borders, and a better distinction between genuine refugees and people moving for economic reasons.

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More than 5,000 British financial services firms rely on “passporting rights” to trade across the European Union, the chairman of the Treasury select committee, Andrew Tyrie, has said.

The Financial Conduct Authority revealed that 8,008 financial firms based in the European Union rely on'passports to do business in the UK