Asset Management

Bank of England backs transition period for EU firms

For European financial firms operating in London, it will be business as usual during the Brexit transition period

Bank of England backs transition period for EU firms
Photo: iStockPhoto

The Bank of England has given assurance to European financial firms operating in London that it will be business as usual during the recently-agreed Brexit transition period.

The European Union and UK last week signed off the terms of a 21-month transition period to run from March 2019 until the end of 2020.

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