Tougher demands by European Union regulators may force banks to shift more jobs to Frankfurt, Paris and Dublin than originally planned due to Brexit, a senior City executive has warned.
Tracy Clarke, Standard Chartered’s CEO for Europe and the Americas, said the bank has been waiting nearly nine months for EU officials to approve an operating licence that will turn its Frankfurt branch into a subsidiary, but regulators have yet to make a decision.
Clarke told the Press Association that German regulators, the European Banking Authority and the European Central Bank (ECB) have become increasingly strict, delaying a licence approval the bank expected in the spring.
https://www.theguardian.com/business...arns-city-boss
Traitor, get a job at the jam factory, loser!
Tracy Clarke, Standard Chartered’s CEO for Europe and the Americas, said the bank has been waiting nearly nine months for EU officials to approve an operating licence that will turn its Frankfurt branch into a subsidiary, but regulators have yet to make a decision.
Clarke told the Press Association that German regulators, the European Banking Authority and the European Central Bank (ECB) have become increasingly strict, delaying a licence approval the bank expected in the spring.
https://www.theguardian.com/business...arns-city-boss
Traitor, get a job at the jam factory, loser!
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