Popular:

The ECB finds deficiencies in plans to transfer banks after the "brexit"

The president of the EU Single Supervisory Mechanism, Danièle Nouy, ​​a member of the ECB, said today that her institution has identified "shortcomings" in the relocation plans of several banks after the "Brexit" and is concerned that many entities "delay the restructuring of their operations."

Brussels, Nov 9 (EFE). - The president of the EU Single Supervisory Mechanism, Danièle Nouy, ​​integrated in the ECB, said today that her institution has identified "deficiencies" in the plans of relocation of several banks after the "Brexit" and is concerned that many entities "delay the restructuring of their operations".

In an appearance before the Committee of Affairs Economic and Monetary Affairs of the European Parliament, Nouy said that almost 50 banking entities have addressed the ECB or the competent national authorities in relation to the impact of the departure of the Kingdom Union of the European Union, scheduled for March 2019.

In particular, he noted, the ECB identifies some deficiencies in the transfer plans of the activities of banks, especially for the tendency to establish the so-called "fictitious banks" within the banking union.

"We also see a tendency to relocate banking activities to investment firms or branches. in third countries, which are out of sight of the Single Supervisory Mechanism, "warned Nouy, ​​who said that this type of practice can fragment the supervision of agencies competent.

In this regard, he addressed directly to the MEPs of the Committee on Economic Affairs as "European legislators" to introduce the necessary changes in the current regulatory framework.

The European bank is also concerned that many banks have not yet made their final decisions on the restructuring of their operations.

Nouy, ​​who He noted that the ECB is "in continuous dialogue" with many banks affected by the "brexit", said several international banks operating in the euro zone through the United Kingdom They have already made progress in their contingency plans.

"A few banks have already sent their formal applications for licenses or for extension thereof, which are being evaluated by the ECB and the competent national authorities, "said Nouy.

The chairwoman of the supervisory board of the European bank said that they will continue to urge the banks of the euro zone with activities in the United Kingdom to advance in their preparations to continue operating after the "brexit".

Comments 0

?
No comments for this article yet!
EUR/USD

EURUSD=X

1.1747 -0,00 -0,24%
USD/CHF

CHF=X

0.9581 -0,00 -0,09%
GBP/USD

GBPUSD=X

1.3067 -0,02 -1,54%
USD/JPY

JPY=X

112.5670 +0,09 +0,08%
USD/CNH

CNH=X

6.8451 +0,01 +0,15%
USD/CAD

CAD=X

1.2912 +0,00 +0,06%
IBEX 35

^IBEX

9590.40 +6,70 +0,07%
IBEX MEDIUM..

INDC.MC

15377.30 -38,40 -0,25%
IBEX SMALL ..

INDS.MC

7490.80 +5,90 +0,08%
IBEX TOP DI..

INDD.MC

3047.90 +1,80 +0,06%
FTSE LATIBE..

INDB.MC

1249.20 +9,20 +0,74%
FTSE LATIBE..

INDL.MC

8444.10 +226,10 +2,75%
Abertis Inf..

ABE.MC

18.36 +0,00 +0,00%
Actividades..

ACS.MC

37.83 +1,03 +2,80%
Acerinox, S..

ACX.MC

12.24 -0,03 -0,24%
AENA, S.A.

AENA.MC

150.45 +4,75 +3,26%
Amadeus IT ..

AMS.MC

78.26 +0,46 +0,59%
Acciona, S...

ANA.MC

75.86 -0,12 -0,16%
Financial S..

XLF

28.74 -0,11 -0,39%
VanEck Vect..

GDX

18.78 -0,15 -0,79%
SPDR S&P 50..

SPY

291.99 -0,22 -0,07%
Vanguard FT..

VWO

41.80 +0,17 +0,41%
Direxion Da..

TZA

8.24 +0,12 +1,48%
Utilities S..

XLU

53.06 +0,22 +0,43%
Cookies help us to offer our services.
Reset Password