ECB's Lautenschlaeger: ECB is prepared for any outcome from Brexit talks

German ECB member Sabine Lautenschlaeger on the wires

  • We will probably have many banking groups coming in due to Brexit

  • If a bank wants to move back-to-back it will have to be more urgent

  • Some will take months and some may even take 1 or 2 years

She's been speaking mostly on regulation but has decided to go off on an chicken counting path.

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