ECB's Villeroy: Hopes to keep UK as close partner after Brexit

Eren Sengezer FXStreet

Francois Villeroy de Galhau, a member of the ECB Governing Board and the head of the French central bank, recently crossed the wires, providing key quotes (via LiveSquawk) found below.

Hopes to keep UK as close partner after Brexit.

UK banks cannot expect to gain EU passport control without accepting single market rules.

All actors should undertake preparations to avoid cliff edge risk from Brexit.

Euro area needs control off euro clearing post Brexit.

Brexit putting EU's friendship with UK to the test, need post-Brexit agreement to remain closely linked.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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