The EBA and ECB both today issues comments critical of UK-based financial firms preparedness for Brexit.
Financial services firms in the UK have had contingency plans in place for months. Our industry has had a constructive, ongoing dialogue with regulators and government. We have worked together to minimise the risk of disruption to clients and the wider economy.”
“The single most helpful thing European authorities can do right now is to engage urgently and seriously with the issue of contract continuity. The lack of progress by EU regulators on this vital issue is the most pressing item on the agenda.”