UK-based banks need to move quickly to keep EU access
Tweet
Share
E-mail
FILE PHOTO: Daniele Nouy, chair of the Supervisory Board of the European Central Bank, speaks at a Thomson Reuters newsmaker event at Canary Wharf in London November 28, 2014. REUTERS/Neil Hall/File Photo
FRANKFURT (Reuters) - British-based banks looking to keep their access to the European Union markets need to move quickly, regardless of the outcome of exit negotiations, European Central Bank supervisor Daniele Nouy said on Tuesday.
"The clock is ticking, and the affected banks have to move quickly," Nouy told a conference in Frankfurt. "They have to move quickly even though the final outcome of the negotiations is still uncertain."
She added that larger banks are making good progress but some smaller lenders appeared to be delaying their decision on whether to relocate to the EU.
(Reporting by Balazs Koranyi; Editing by Catherine Evans)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Diver injured in shark attack off Tasmania coast
- US judge says Trump administration cannot revoke grants that conflict with its priorities
- Prosecutors file attempted aggravated murder charges in stabbing of Muslim man in Utah
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
