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Inside the plan to crack down on London bankers’ Brexit workarounds
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International banks in the UK are under increasing pressure to tighten up compliance with post-Brexit rules amid a regulatory review.
The European Central Bank will finish its so-called desk-mapping exercise in the first quarter, according to a person familiar with the process. It is the first step in making sure that firms are not running empty shell companies on the continent while still doing the bulk of their business in the UK.
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