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Banks told to relax: ECB won't give first-mover advantage

Policymakers mulling over letting lenders use their UK-approved internal risk models for the time being
Tuesday, November 22, 2016 - 05:50

London

FINANCE executives planning to shift operations out of the UK because of Brexit have been told by European Central Bank (ECB) officials not to rush as there will be no first-mover advantage when it comes to gaining regulatory approvals, according to people briefed on the

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