UBS Wants More Clarity on Brexit Before Next March

[kreslik.news]

At a financial news event in London, Swiss banking giant UBS head Andrea Orcel demanded clarity over the Brexit roadmap before March or “there will be a significant shift out of the UK”.

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Mr. Orcel added that policymakers from the UK and the EU should clarify as soon as possible if the existing framework that allows EU-based customers access to cross-border financial products and services from UK-based banks will remain or not.

According Orcel, the uncertainty of post-Brexit situation needs ... (read more)