Bankers worry post-Brexit transition won't be long enough

London

GLOBAL banks, already accelerating plans to pull back from London as Brexit looms, are increasingly concerned that British Prime Minister Theresa May is underestimating the time they'll need to adjust to the upcoming changes in trade and regulations.

Despite the prime minister's promise to seek a transitional phase, financial professionals expressed disappointment after Brexit Secretary David Davis estimated that the period would amount to one to two years.