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Warning for British banks over Brexit staff relocation
By EUobserver
A number of London-based banks that deal with eurozone affairs have not moved enough staff into other EU states ahead of UK's departure from the European Union, said German bank supervisor Joachim Wuermelling on Thursday. Banks that deal with the eurozone and single currency are required to do so from within the EU. "All banks must ensure that they have relocated sufficient staff to the EU 27 entities," he said.