ECB's Lautenschlaeger: Most London-based banks fleeing Brexit have made reasonable progress

Dhwani Mehta FXStreet

European Central Bank (ECB) Director Sabine Lautenschlaeger was on the wires earlier today, via Reuters, making some comments on the Brexit impact on the London-based banks.

Key Quotes:

"At present, most banks relocating to the Euro area have made reasonable progress in preparing their move."

"We have urged and pushed them (banks) to prepare for all potential outcomes of the political process."

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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