ECB pushes banks to boost their post-Brexit operations – FT

The European Central Bank (ECB) is calling out banks to raise human and monetary assets to beautify their post-Brexit operations in continental Europe, in accordance to the state-of-the-art story carried by means of the Financial Times (FT) on Thursday.

Key takeaways
“Bank executives, attorneys and supervisors all advised the FT that the ECB is turning into more and more forceful in its needs that lenders go greater assets to the continent to run their European corporations in the aftermath of Brexit.”

“The clean push is partly linked to the ECB’s current selection to quit transient pandemic-era reprieves it granted banks on their timetable for transferring body of workers and capital to the EU.

“One individual acquainted with the exchange stated the ECB had been “realistic in mild of the impediments to geographic moves, and granted extensions, however now that is over”.

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