Central bank boss Mario Draghi gets tough on financial institutions’ risk management plans
Mario Draghi,the usually tranquil president of the European Central Bank, is fuming at the antics of London’s banks as they try to minimise the effects of Brexit.
In a glide that mimics Donald Trump’s America First campaign, and Draghi has issued London’s financial institutions – including the 450-odd foreign banks operating in the capital – a stern warning that unless they put euroland first,they won’t be able to trade inside the 19-member currency bloc.
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Source: theguardian.com