ECB says that EU banks are lagging in executing Brexit plans

epa07971270 President of European Central Bank (ECB) Christine Lagarde (R) arrives for the first day in office in Frankfurt am Main, Germany, 04 November 2019. EPA-EFE/ARMANDO BABANI

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European Union banks have put in place all the plans for Brexit but execution is lagging as lenders await the outcome of negotiations between Britain and the EU, European Central Bank banking supervisor Andrea Enria said on Monday.

Some banks planning to relocate to the EU are postponing moving staff and capital to the bloc, waiting to see whether Britain is headed for a hard Brexit or a negotiated exit, Enria told a conference organised by German newspaper Handelsblatt.

Via Euronews 

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