EU Source: US banks want their Brexit to be delayed – BuzzFeed

Dhwani Mehta FXStreet

BuzzFeed news quoting a senior EU source, noting that US banks have told both the European Union and the British government that they want a 5 year transition period and to agree to a multi-year transitional deal that would keep current regulations intact.

The EU source also predicted that in the months to come the banks would ramp up their efforts into a fully-fledged lobbying campaign. These efforts will include more precise requests to the UK and the EU, as well as reports about uncertainty putting jobs and investment at risk if the demands are not met, BuzzFeed reports.

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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