British expats in EU 'must be given sufficient warning if bank accounts close', says MP

clock • 2 min read

The chairman of the Treasury Committee has written to the UK regulator seeking to clarify an appropriate notice period for expats living in the EU should their UK bank accounts be closed. Mel Stride says he has written to Chris Woolard, the interim CEO of the Financial Conduct Authority (FCA) to gain confirmation on the time period required ahead of closure. With barely three months to go until the Brexit transition period ends, the British government has so far failed to negotiate a continuation of the pan-EU banking access rules (known as passporting). Last week the Sunday Times ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.