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Barclays moves €190 billion to Dublin
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userBulletguy
Posted: 6 February 2019 6:27 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


Legendary contributor

Posts: 9199
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Location: Cheshire. Ford Transit Autosleeper Duetto


747 - 2019-02-06 6:15 PM

Bulletguy - 2019-02-06 4:45 PM

747 - 2019-02-06 12:51 PM

Should the Euro go through turmoil in the future, the money will be swiftly shipped back to the UK ... or elsewhere. Of course these honest upright Bankers might have a different reason for juggling currencies.

Swings and Roundabouts.

Passporting 747.....simple as that. Without it they can't function as a business and Brexit presents a real threat to that so they've done what any banking business will do and move to where they can work.

https://www.bankofengland.co.uk/prudential-regulation/authorisations/passporting

http://ukandeu.ac.uk/explainers/passporting-and-equivalence-the-impact-of-brexit-on-the-city-of-london/


Learned a new word have we?

Nope......been known about from the outset and well publicised in msm though doubt the Brexipress or Daily Xenophobe would run with it. Their 'readership' would only get it confused with blue passports anyway.

]I have been 'passporting' since the 1970's as I worked overseas, in various currencies and had Bank Accounts in foreign countries. Glad to see that Brexit has educated you .... ignorance is the pits.

Even more surprised you needed to question the reasons then.
user747
Posted: 6 February 2019 10:45 PM
Subject: RE: Barclays moves €190 billion to Dublin
 


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Posts: 1827
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Location: Tyne and Wear - Burstner Delphin Performance T821


Bulletguy - 2019-02-06 6:27 PM

747 - 2019-02-06 6:15 PM

Bulletguy - 2019-02-06 4:45 PM

747 - 2019-02-06 12:51 PM

Should the Euro go through turmoil in the future, the money will be swiftly shipped back to the UK ... or elsewhere. Of course these honest upright Bankers might have a different reason for juggling currencies.

Swings and Roundabouts.

Passporting 747.....simple as that. Without it they can't function as a business and Brexit presents a real threat to that so they've done what any banking business will do and move to where they can work.

https://www.bankofengland.co.uk/prudential-regulation/authorisations/passporting

http://ukandeu.ac.uk/explainers/passporting-and-equivalence-the-impact-of-brexit-on-the-city-of-london/


Learned a new word have we?

Nope......been known about from the outset and well publicised in msm though doubt the Brexipress or Daily Xenophobe would run with it. Their 'readership' would only get it confused with blue passports anyway.

]I have been 'passporting' since the 1970's as I worked overseas, in various currencies and had Bank Accounts in foreign countries. Glad to see that Brexit has educated you .... ignorance is the pits.

Even more surprised you needed to question the reasons then.


I don't need to question anyones reasons. People can do what they like with money (as long as it is legal). I don't keep much money in Banks anyway, the returns are pitiful.
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