And, here we go!!! https://www.bbc.co.uk/news/live/uk-politics-47030804Barclays is preparing to move £166bn worth of assets from London to its Irish division, a High Court judgement has revealed.The reason for this is that the bank is concerned that City financial services firms could lose their special "passporting" rights that enable them to provide services across Europe, in the event that a no-deal Brexit comes to pass. "Due to the continuing uncertainty over whether there might be a 'no-deal' Brexit, the Barclays Group has determined that it cannot wait any longer to implement the scheme," the judgement says."The overriding requirement, however, is that Barclays Bank Ireland must be legally and operationally ready to conduct all relevant regulated business with the in-scope clients by no later than 29 March 2019, which is the date currently set for Brexit."
Ivonne Holliday ● 2842d