EU states take the slow road to new cross-border services ban
Late national transposition hampers foreign banks’ decisions on location of affected activities
Overseas lenders are struggling to analyse the precise impact of new European Union restrictions on cross-border financial services, as national legislators drag their feet on transposing the ban. Some banks are waiting to see the national implementation of the rules before finalising plans to adapt their businesses, because the EU legislation still leaves some room for local discretion.
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