• BoE's governor Bailey: EU locality policy for financial services is controversial of dubious legality

Notícias do Mercado

24 fevereiro 2021

BoE's governor Bailey: EU locality policy for financial services is controversial of dubious legality

  • Noticeable that EU location policy for financial institutions seems to be coming to surface
  • Asking firms to move businesses would be escalation
  • We would be concerned from financial stability perspective if EU tried to force institutions to localise some operations in EU
  • Erosion of stability of global clearing system would be a concern
  • Numbers on Covid are now more positive for UK economy
  • Evidence so far of current lockdown is that activity puts it midway between first and second lockdown

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