Most London-based banks fleeing Brexit have made reasonable progress: ECB

FRANKFURT (Reuters) - Most London-based banks moving to the euro area due to Brexit have made "reasonable progress" in preparing the move, European Central Bank director Sabine Lautenschlaeger said on Wednesday.

"We have urged and pushed them (banks) to prepare for all potential outcomes of the political process," she told an audience in Sydney. "At present, most banks relocating to the euro area have made reasonable progress in preparing their move."

(Reporting By Francesco Canepa; editing by Diane Craft)

You May Also Be Interested In

• Exclusive-ZTE among Chinese firms licensed to purchase Nvidia's H200 chips, documents show
• Russia accuses Ukraine of terrorism in Sea of Azov as Kyiv opens new front in war
• Perpetuals.com ends acquisition talks with Trump-linked crypto firm