ECB Assumes Oversight Of 4 Global Banks After Brexit Moves

Law360, London (December 4, 2019, 12:16 PM GMT) -- The European Central Bank said on Wednesday that it will begin supervising the subsidiaries of four global investment banks from 2020 after they moved significant operations from London to the bloc in preparation for the U.K. leaving the European Union.

The central bank said it will start directly supervising branches of Goldman Sachs, UBS, JPMorgan and Morgan Stanley from January after they shifted some operations. (AP) The ECB will start directly supervising branches of UBS Group AG, JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs Group, Inc. from January 2020 because the banks have moved a large part of their...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS