Japanese banks warn of Brexit moves from London - FT

Dhwani Mehta FXStreet

The Financial Times (FT) carrying a story on Friday, citing that the Japanese financial institutions have warned of moving their operations from London, if they are not provided any clarity on the UK's future relationship with the EU.

Two people familiar with the meeting noted, “At the December 1 meeting, the financial services groups said they would need a guarantee that passporting would be retained after Brexit or they would be forced to begin moving some functions out of London by mid-2017.”

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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