Financials May 19, 2022 10:04 PM (GMT+8) · EqualOcean
Enriya, head of the European Central Bank's supervision department, said on the 19th local time that in order to strengthen supervision, the European Central Bank will force major international investment banks to move their Euro business from London to mainland European cities, such as Frankfurt, Amsterdam or Paris. London has long been the business center of the world's major investment banks in Europe. After brexit, the European central bank can no longer effectively supervise banks in London. At present, 70% of the euro business of the seven major investment banks in the world is still carried out in London.

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