Brexit

London banks need to shift more staff in wake of Brexit, warns EU

'We have sufficient strategic and risk-management capacity onshore here. We are not there yet, for some banks we are but not for all the banks'

Thursday 28 January 2021 at 14:02

Several London banks have not moved enough staff to the European Union to meet post-Brexit targets, the trading bloc's top banking regulator warned today.

Andrea Enria, the chair of the European Central Bank's supervisory board, told a press conference in Frankfurt on 28 January that there remained "some sticking points" in terms of London-based banks readiness for servicing EU investors now that the UK has left the EU.