A major European Central Bank review has slammed banks for not shifting enough resources to the EU in the wake of Brexit.
Some banks will be asked to appoint new senior staff, change where some are located, or change their group structures.
Brexit
Banking giants told to move staff to Europe as ECB Brexit review finds ‘empty shells’
The ECB has been probing where banks’ resources are based — particularly around trading and risk-management — for more than a year in what it has called a desk-mapping exercise
