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Banks preparing to leave UK over Brexit: top official

Monday, October 24, 2016 - 05:50

Mr Browne said: "The EU's equivalence regime is a poor shadow of passporting . . . It will probably mean the UK will have to accept rules that it has no influence over."


BIG international banks are preparing to move some of their operations out of Britain in early 2017 due to the uncertainty over the country's future relationship with the European Union, says a top banking official.

Writing in the Observer newspaper last Saturday, Anthony

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