Eurozone watchdog tells banks to press on with Brexit plans
The postponement of Britain’s departure must not stop banks from being ‘prepared and organised’
22 July 2019 - 19:01
London — EU banks should press ahead with Brexit preparations despite Britain’s departure from the bloc having been postponed to October, the head of the eurozone’s banks resolution board (SRB) said on Monday.
Many lenders plan to deal with whatever Brexit throws at them by relocating staff and activities from London to satisfy licence requirements at new or existing EU hubs...
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