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Brexit

London banks need to shift more staff in wake of Brexit, warns EU

'We have sufficient strategic and risk-management capacity onshore here. We are not there yet, for some banks we are but not for all the banks'

Several London banks have not moved enough staff to the European Union to meet post-Brexit targets, the trading bloc's top banking regulator warned today.

Andrea Enria, the chair of the European Central Bank's supervisory board, told a press conference in Frankfurt on 28 January that there remained "some sticking points" in terms of London-based banks readiness for servicing EU investors now that the UK has left the EU.

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