ECB warns banks that they "need to have substance locally" in post Brexit

ECB warns banks that they “need to have substance locally” in post Brexit

Tuesday, November 21st 2017 - 13:16 UTC

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European regulators have warned banks working on post-Brexit plans that they will “need to have substance locally” to serve European clients. The European Central Bank said some of the proposals it has reviewed are inadequate and risk creating “empty shells”. Read full article

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Jolene
The question is why is this piece appearing in Mercopenguin, a British government propaganda organ supposedly devoted to America, South America and the “South Atlantic”?
Nov 22nd, 2017 - 04:09 am - Link - Report abuse 0
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