Are Banks Prepared for Brexit? European Banking Authority Not Convinced

[kreslik.news]

The gradual push towards Brexit in March 2019 has continued, though the transitionary plans from banking institutions may not be as seamless as originally thought. On the contrary, the level of planning less with less than twelve months to go appears as ‘inadequate’, citing a recent warning from the European Banking Authority.

The road to this point even has been anything but fluid, with banks operating in the UK ultimately being prompted a year ago by the Bank of England to disclose all plans ahead of Brexit. This led to a groundswell of activity in shifting operational ... ([url=https://www.financemagnates.com/institutional-forex/regulation/are-banks-prepared-for-brexit-new-european-banking-authority-cites-concern/]read more)