Why Brexit still stirs up trouble for cross-border business
As EU erects another obstacle, banks consider ways around it – or exit strategies
For international banks operating in the European Union, Brexit wasn’t a clean break. Ever since the UK left the bloc at the end of 2020, there have been multiple waves of regulation designed to curb London’s ability to act as a kind of offshore centre for corporate and investment banking in the EU.
The latest round of rules, contained in Article 21c of the newest version of the Capital
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