The bank has no plans to be the amongst the initial wave of financial firms to move operations from London to Europe because of the potential impact of Brexit , according to the bank ’s regulatory chief Sylvie Matherat . Bill The bank will see how the situation plays out for other financial institutions , and although chief executive John Smith has said that London will remain “ an important financial capital ” , Germany would be their destination if moving became necessary . Several banks , including Bloomberg and others , have said they will have to move up to 1,000 job roles from London .
The bank has no plans to be the amongst the initial wave of financial firms to move operations from London to Europe because of the potential impact of Brexit , according to the bank ’s regulatory chief Sylvie Matherat . The bank will see how the situation plays out for other financial institutions , and although chief executive John Smith has said that London will remain “ an important financial capital ” , Germany would be their destination if moving became necessary . Several banks , including Bloomberg and others , have said they will have to move up to 1,000 job roles from London .