Nikolay Storonsky, co-founder of Brexit challenger bank Revolut, has said the firm will apply for an e-money licence in Luxembourg "to be on the safe side" and avoid any disruption from UK. Storonsky was reported as saying he does not want to leave London, but does expect the City's standing as a financial centre to be lost after the Brexit leaves the European Union.
Nikolay Storonsky, co-founder of UK challenger bank Revolut, has said the firm will apply for an e-money licence in Luxembourg "to be on the safe side" and avoid any disruption from Brexit. Storonsky was reported as saying he does not want to leave London, but does expect the City's standing as a financial centre to be lost after the UK leaves the European Union.