ECB’s Lautenschlaeger: ECB is prepared for ‘any outcome’ of Brexit negotiations

Dhwani Mehta FXStreet

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

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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