6 Things Lawyers Check First As UK Banks Weigh Shift To EU
Law360, London (February 10, 2017, 6:40 PM GMT) -- Big banks considering shifting operations from London to the European Union to retain access to its single market are running through regulatory and legal checklists with legal advisers to avoid costly missteps.
With Britain set to lose bankers’ easy access to 27 member states, financial firms are getting into the gritty details of plucking up all or parts of their trading and wholesale banking operations and resettling them in financial centers inside the EU regulatory framework.
“Relocation is a massive issue, particularly in terms of operations, technology, premises and staff,” says Ralph Lovesy, head of financial regulation at Kemp Little LLP....
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