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Some banks slow in implementing Brexit plans - ECB's Enria

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By Reuters
Some banks slow in implementing Brexit plans - ECB's Enria
FILE PHOTO: European Union flags flutter outside the European Central Bank (ECB) headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach   -   Copyright  Kai Pfaffenbach(Reuters)
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FRANKFURT (Reuters) – European Union banks have put in place all the plans for Brexit but execution is lagging as lenders await the outcome of negotiations between Britain and the EU, European Central Bank banking supervisor Andrea Enria said on Monday.

Some banks planning to relocate to the EU are postponing moving staff and capital to the bloc, waiting to see whether Britain is headed for a hard Brexit or a negotiated exit, Enria told a conference organised by German newspaper Handelsblatt.

(Reporting by Balazs Koranyi; Editing by Francesco Canepa)