EU Authorities Issue Last-Gasp Warning On Brexit Preparations

The European Banking Authority (EBA) has reiterated its concerns over the level of Brexit planning among some financial services firms, as the prospect of a no-deal departure looms closer in the wake of inflammatory rhetoric from UK politicians.

In a communication published on Tuesday, the bloc’s premier payments regulator rehashed the series of opinions it has issued on the topic over the last two years and warned of a remaining danger that some UK firms have yet to carry out certain essential processes.

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