Banks running out of time to make post-Brexit eurozone applications
Banks looking to relocate should apply “by end of second quarter” – ECB supervisor Lautenschläger
Twelve UK banks have so far applied to relocate to the eurozone or significantly expand their activities there after Brexit, said Sabine Lautenschläger today (February 7), as she called on firms to hurry up if they planned to submit applications.
At a press conference setting out the European Central Bank’s supervisory priorities for the year, the executive board member of the ECB’s supervisory arm said institutions had to “prepare for any outcome” from the negotiations between the UK and the
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