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UK headquartered banks are still planning for a March 2019 departure from the UE after European regulators declined to offer any formal assurances for how business can be conducted during the Brexit transition period. To stop a “cliff-edge” Brexit, banks need formal guarantees from UK and EU regulators that there is no risk of losing [...]

The post ECB declines to extend assurances to UK banks for Brexit transition appeared first on Payments Cards & Mobile.

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