Tuesday, October 25, 2016

British banks: in 2017, we are leaving the country because of Brexit – Veckans Affärer

“Their hands tremble on the flyttknappen.”

In the wake of Britain’s decision to leave the european cooperation begins with the consequences appear increasingly clear.

the Uk’s largest banks will, because of Brexit begin to leave the country during the first months of 2017. It writes Anthony Browne, head of the British Bankers' Association, in a column in The Observer.

READ MORE: Uk: Brexit begin in 2017

According to him, most international banks have already taken up project teams with a focus on to review what measures need to be implemented to be able to continue to serve its customers.

the Groups should also have been given the responsibility to determine the timing of when the measures are to be enforced, and to decide on the best approach, says Anthony Browne.

the Head of the BBA also says that the smaller players have even shorter waiting period and are planning to pack their suitcases before christmas.

"Their hands tremble on the flyttknappen. Many smaller banks are planning to begin to relocate before christmas," says Anthony Browne, who warn that the current public and political debate is to govern the country in the wrong direction.


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