LONDON is seeing a surge in coronavirus cases, and the tiered system means the capital could see tightened restrictions - but will London enter Tier 3?
twenty not to search it s much because our customers should know realize that there is a change but you have to prepare a lot of things transfer of you you licensing and so on that all these operations can move forward and there is in this moment and these days there is an enormous transfer of capital actually not only to frankfurt but to paris to dublin because all the international banks cannot rely on the longer the existing sporting framework they bring out their operations to bring old people to the continent and bring money to the continent to be able to serve the clients the same way they do as they do it actually all right and that is couch c.e.o. of the association of german banks could have you with the thank you jim. to another brags it affects bugs it s likely to interrupt the flow of pharmaceuticals between the u.k. and the e.u. potentially causing shortages that is the warning from the german pharmaceutical
positions out of london moving them to other financial centers i mean even if briggs it hasn t actually happened yet is certainly having a very real impact on the world of banking and once a person has officially their european union will london based banks will no longer be able to conduct operations with. without they subject to a host of other regulations one reason why frankfurt has had to when it s made its own video looking to attract those fleeing the braggs it financial fallout nice to meet you the name is. frank. frank said oh i ve heard of you know modern architect the video was posted online several months ago it s aimed at the family of the briggs it uprooted banker who s not so keen on moving away from a world class city like london viber not life british the. capital is europe s finance center and home to some of the world s biggest banks but to keep doing
otherwise of these negotiations but it s in all of our interests to reach a tariff and restriction free agreements and we are in a position of complete home in isolation on the relevant areas so if there s goodwill and we take the precedence of the agreements the e.u. has with particularly with canada and japan i believe it s eminently possible particularly if you forgive me saying you know germany now understands heading into technical recession france go to certain difficulties it s a lead to the use in a position where we would where it needs me to help one another we voted to leave we should go and we should go into an agreement so i think if we can rescue the withdrawal agreement by putting in place a permanent compliant and invisible solution for all and which we are ready to table and negotiate in a free trade agreements which works for soldiering the implementation period then we can exit with an agreement in place ok thank you very much thank you thank you for that are back he
people over the last months with all bags all customers to find out if there is no longer a legal basis like passport thing is there a need for additional alone says for licenses and the german parliament bill passed this week additional laws which entitle the banks to go on with their operations but on a preliminary basis and it is very important that the supervisors of the banks in london and in frankfurt know exactly what s going on they observe in very. concrete what s happening but sort of break this down for me we don t talking about you know sort of a massive new users money we re talking about potentially moving money from london to to germany for exam. i m a brit of course i do banking and in different countries i mean how difficult would it be for people like me to move money how difficult would it be even just the businesses to operate without a deal it s a good example we want to do everything that there is no break in the night from