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ECB tells UK banks to speed up staff moves to EU as Brexit looms

ECB tells UK banks to speed up staff moves to EU as Brexit looms

UK banks are significantly behind schedule in moving staff to the European Union ahead of Brexit and risk being caught off guard if Britain leaves without a deal, the European Central Bank said on Wednesday.

  • Shared by Reuters
  • August 16, 2019
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Many London-based banks are having to expand their EU operations to continue doing business in the bloc after Brexit, under plans agreed with the ECB.

Read more at Reuters.

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