The impact of Brexit on UK banks is still not fully felt

Katharine Braddick, head of financial services at the British Finance Ministry, said in an event by Peterson that Britain was under no illusions about reaching a stable state after Brexit with regard to the stability of banks in locations of their European operations. “There is a lot of pressure to move a lot very quickly.

This is largely at a sharp end as we are seeing the emergence of new borders” as banks in London face pressure from the European Central Bank to move staff and activities to the European Union. "Clients decide where companies are located, and this is definitely the case so far with regard to clearing, and we will see that in investment banking services," Bradke said, adding that the Ministry of Finance is fully aware of the need to re-establish a clear and consistent sense of values ​​and direction in the policy and regulation of financial services.