Confusion reigns

Confusion reigns," said one exasperated source when discussing the "horror" of the home host situation. The phrase "a horrendous cock-up" also appeared while researching this subject – a sentiment that should ring bells with many compliance officers located in the European Union, and particularly in London.

The "horror" of the home host situation is that even at this late stage, uncertainty still remains over how branches of foreign banks will be regulated – by the home regulator of the parent

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