Banking Law News
July 29, 2020, 1:00 PM Song
With minimal improvement from the Brexit discussions, the European Union’s top banking regulator has been cautioning that the fund sector to complete its preparations for Britain’s passing without a trade bargain in year-end.The European Banking Authority on Wednesday stated that payment and banks companies will need to be certain their contingency plans are prepared and readily activated in the event of a no-deal situation. The regulator, which has made similar warnings, additionally told banks that they can’t expect to rely on “empty shell” offices within the bloc, also will need to maximize their regional footprint at the EU should they expect to do business…
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