Europe's bank regulators on hunt for risk specialists before Brexit

Frankfurt

EUROPE'S regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets.

Wall Street giants Goldman Sachs, Citigroup and Morgan Stanley, which have big operations in London, intend to expand in the European Union (EU) after Britain's departure.

Germany's financial regulator, Bafin, and the French and Irish central banks intend to hire dozens of new recruits in the coming year, according to officials.

The European Central Bank (ECB), which has overall responsibility for supervising banks, is also seeking new sta…