UK banks moving over 1 trillion euros of assets to EU over Brexit – ECB
21 Mar 2019

Seven big banks are moving around 1.2 trillion euros (1.03 trillion pounds) of assets from Britain to the euro zone as part of their preparations for Brexit, European Central Bank supervisor Ignazio Angeloni told Bloomberg.

“We expect seven significant institutions to come under ECB supervision at the outset, of which we already oversee three. There will also be some 17 new less significant institutions,” Angeloni was quoted on Wednesday as saying.

– By Balazs Koranyi, Reuters, 20 March 2019.

Link to Reuters

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