Sunday, June 19, 2016

The European banking regulator will leave London if Brexit – RBC

Photo: EPA / Vostock-Photo

The European banking Association (EBA) – the supervisor, coordinating banking rules in the European Union, will leave London in the event of the UK from the EU

in an interview with the German newspaper Welt am Sonntag head EBA Andrea Enria if UK citizens 23 June will vote for the country’s EU output, the headquarters of the association will leave London and move to another European capital.

Enria pointed out that regardless of the outcome of the referendum organization will continue to work to create a unified banking rules for countries that adopted the euro, and the states, which have kept the national currency.

Head of EBA was of the opinion that the current banking sector the EU Stability than five years ago, when the association created as a response to the financial crisis. However, ahead of, in his words, a lot of work. Enria believes that banks need to change internal business culture in the future to avoid new scandals and fines.

A few days before the referendum on the fate of the UK in the EU the outcome of the vote is not clear. Recent polls have shown a slight benefit those who wish to the United Kingdom, for K left the EU.

June 15 the head of the UK Ministry of Finance George Osborne said that the way out of the EU will cost the country £ 30 billion over the next four years. Osborne warned that the government will have to compensate for the budget deficit by raising taxes. The minister admitted that due to the exit of Great Britain from the European Union can be a reduction in public spending on health, defense, education, police and transport.

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