Germany also prepares to assist financial entities seeking to exit the UK

M

mlawson71

Apparently the EU financial regulators are expecting a broker exodus from the UK after Brexit.

Germany’s Federal Financial Supervisory Authority (BaFin) has set up a designated email for UK-regulated financial service providers which seek to move their registration or operations s in Germany. The move aims to facilitate the relocation of UK-licensed financial entities in the context of Brexit. The email will also assist other foreign financial firms, but is particularly aimed at UK-licensees.

Would brokers lose access to European markets in case of a hard Brexit?
 
Shouldnt affect us trading wise, i trade via a US company anyway.

Banks have already started moving there staff out of the uk, banking sector is the uk's biggest kinda export, makes the uk more money than anything else we export, without this we are screwed, most of it is going to go.

Germany giving it incentives to pull out is only going to worsen this.

Uk will go bankrupt in the next few years and expect a bank to fail this year to, many more.
 
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