The Bank of England have promised to allow EU banks to operate pre-Brexit terms

The Bank of England have promised to allow EU banks to operate pre-Brexit terms

The Bank of England presented a plan for the work of the European Bank in the UK after Brexit takes place. The Bank of Englands decision means that European banks offering international services will not face obstacles to work in London after the UK's withdrawal from the EU in March 2019.

This decision is the first step towards improving relations with the EU in the field of banking regulation and will ensure the fate of the financial centre of London for decades to come.


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