EU States Warned Not to Delay No-Deal Brexit Plans for Finance
- Dombrovskis reminds ministers of risks to financial sector
- Officials to work closer together on contingency measures
This article is for subscribers only.
Faced with political chaos in London, the European Union is stepping up its efforts to avoid a rupture in financial markets if the U.K. leaves without an agreement in little more than two months.
The European Commission reminded EU finance ministers on Monday that preparing for a messy divorce is a shared responsibility. The bloc’s executive arm has already announced a plan under which banks on the continent will be able to use some financial infrastructure in London even after a no-deal Brexit.