Brexit

EU banking watchdog left red-faced by Brexit bungle

Political bureaucracy hits European Banking Authority's efforts to leave London despite its warnings to others to speed up plans

EU banking watchdog left red-faced by Brexit bungle
Photo: EBA

The watchdog urging banks to speed up Brexit plans is stuck in London.

Europe’s top banking regulator has been left red-faced by infighting at two of the EU’s key decision-making bodies, which has derailed the watchdog’s efforts to move 180 staff out of London as a result of Brexit.

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