Banks with Wall Street develop preliminary plans to transfer some of their units from London to Ireland, amid concerns that the UK is becoming increasingly remote from the European Union.
Bank of America, Citigroup and Morgan Stanley announced the publication of Financial Times, that Ireland is a suitable location for some of their European operations, if there is a need to move from the UK.
These plans are now in the early stages, however, banks have begun preparations for the forthcoming integration of the banking system of the euro area, which faces a possible isolation of Great Britain and its exit from the EU.
“I am seriously considering the possibility of transferring some of our subsidiaries in Ireland,” – said one of the leaders of the American bank in London.
“I am confident that the government and the Central Bank of Ireland will support this initiative. And it’s not exit the UK from the EU, and in the optimization of our structure. “
Most Asian and American banks preferred to place their European offices in the UK, automatically giving them the opportunity to provide its services in the territory of the 28 member countries of the European Union.