Banks in Britain revive preparations for no-deal Brexit - EY
LONDON - Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday.
Banks, insurers and asset managers had prepared for a March 31 Brexit but departure was delayed to October 31. The prospect that Britain could leave the EU without a deal by the end of October has started to have an impact. It is not clear if Britain will secure an exit deal with Brussels to avoid a rupture in trade links for Britain’s financial services industry.
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