Some banks slow in implementing Brexit plans: ECB's Enria

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November 11, 2019 4:52 AM EST

FILE PHOTO: European Union flags flutter outside the European Central Bank (ECB) headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) - European Union banks have put in place all the plans for Brexit but execution is lagging as lenders await the outcome of negotiations between Britain and the EU, European Central Bank banking supervisor Andrea Enria said on Monday.

Some banks planning to relocate to the EU are postponing moving staff and capital to the bloc, waiting to see whether Britain is headed for a hard Brexit or a negotiated exit, Enria told a conference organized by German newspaper Handelsblatt.

(Reporting by Balazs Koranyi; Editing by Francesco Canepa)


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