ECB’s Lautenschlaeger: ECB is prepared for ‘any outcome’ of Brexit negotiations
|European Central Bank (ECB) executive board member Sabine Lautenschlaeger crossed the wires last minutes, via Reuters, speaking on regulation and Brexit.
Headlines:
We will probably have many banking groups coming in due to Brexit
If a bank wants to move back-to-back it will have to be more urgent
Some will take months and some may even take 1 or 2 years
ECB is prepared for ‘any outcome’ of Brexit negotiations
Basel iii must be finalized as quickly as possible
Committee is close to reaching an agreement
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