Brexit 'hubs' face EU markets watchdog checks in 2020
Share:
LONDON (Reuters) - New European Union hubs opened by British-based financial firms to avoid Brexit disruption will be scrutinised next year by the bloc's markets watchdog to check whether they are gaming licensing requirements.This signals how the bloc will keep up pressure on new hubs to meet licence terms, even if Britain secures a divorce settlement with a standstill transition period to the end of 2020 after the deadline for Brexit.And it echoes pressure from the European Central Bank (ECB)..