Germany processing over 25 banking licenses as a result of Brexit:…

FRANKFURT (Reuters) – Germany is processing more than 25 banking licenses in the wake of Britain’s decision to leave the European Union, the president of Germany’s financial market watchdog said on Thursday.

The Frankfurt skyline with its financial district is photographed on early evening in Frankfurt, Germany, March 25, 2018. REUTERS/Kai Pfaffenbach

Bafin’s president Felix Hufeld also said that regulators could enact emergency measures in the case of a so-called hard Brexit to minimize chaos.

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