LONDON, 22-Dec-2017 — /EuropaWire/ — Commenting on the Bank of England’s announcement today, Simon Lewis, Chief Executive of AFME, said:
“We welcome the Prudential Regulatory Authority’s confirmation that EU27 banks will be able to continue to operate their wholesale business through their existing branches in the UK post-Brexit. This provides welcome clarity for firms, enabling them to proceed with their Brexit planning and avoiding additional fragmentation of capital within Europe.”
Ends
SOURCE: AFME
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