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Brexit-hit banks said to start moving staff abroad in early 2018

They need at least 12 months to establish full-scale ops inside the EU staffed by seniors

"It's the very beginning of next year when we need to have a clear view on what's going to happen. If no Brexit deal is reached soon, banks will have to brace for the worst." - Sylvie Matherat, chief regulatory officer at Deutsche Bank AG

Mr Barnier says UK-based banks will lose access to the single market as a "legal consequence" of the country's divorce.


UK politicians are fighting to get a deal early next year that will ease businesses' panic about Brexit. For some industries, it's probably too late.

Barring some major breakthrough, global banks will implement their relocation plans early next year to guarantee they're able...

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