March 29, 2017 / 12:25 PM / in 8 months

European Banking Federation wants clarity, certainty for banks during Brexit talks

BRUSSELS, March 29 (Reuters) - The European Banking Federation wants European Union and British negotiators to provide clarity on the terms of Britain’s exit from the EU, after London triggered the process on Wednesday, so that banks can continue to finance the economy.

The EBF, which unites 32 national banking associations in Europe that together represent some 4,500 banks, said it was ready to help explain to policymakers the impact of the negotiations on the supervisory and regulatory framework and on business models.

“The EBF is keen to see clarity and certainty for banks during this process so that the banking sector can continue financing the economy while serving customers to the fullest extent and without undue disruption,” it said in a statement. (Reporting By Jan Strupczewski)

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