 "Banks set to avoid lengthy euro zone entry test")
Banks in London that relocate operations to the euro zone after Brexit are likely to be spared a lengthy entry test by regulators, making it easier for them to shift, according to two officials with knowledge of the matter.
The European Central Bank, the euro zone’s banking supervisor, has had many inquiries from British-based banks wanting to come under its watch, prompting it to look at fast-tracking licence applications, according to the sources.
It is set to temporarily waive an examination of the financial models that big retail lenders and investment banks use to determine the risk of
The European Central Bank, the euro zone’s banking supervisor, has had many inquiries from British-based banks wanting to come under its watch, prompting it to look at fast-tracking licence applications, according to the sources.
It is set to temporarily waive an examination of the financial models that big retail lenders and investment banks use to determine the risk of
