UK sees early 2018 as ‘crunch time’ for banks’ Brexit decisions

Many international banks and financial services firms based in Britain will decide in the first quarter of next year whether to move operations  away ahead of Brexit, according to a senior official at Britain’s Finance Ministry. Katharine Braddick, the ministry’s director general for financial services, said Wednesday that banks using Britain to serve clients in the EU were showing the most urgency in considering relocation plans, Reuters reports. “Those plans, if you like, harden, become more firm, at the point at which they start to alter contractual paperwork. For most of the firms that we talk to that will fall at some point in the first quarter of next year,” Braddick told lawmakers.

920336717696ef2abcac85e7338b5827 (5)

Published by technofiend1

Kazan- Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: