Bundesbank head Weidmann reported in the Guardian newspaper 19 Sept
– banking passporting rights are tied to the single market and would automatically cease to apply if Great Britain is no longer at least part of the European Economic Area
Speaking to a group of European newspapers including the Guardian, Germany’s Süddeutsche Zeitung, France’s Le Monde and Italy’s La Stampa at the Bundesbank headquarters in Frankfurt, Weidmann also warned of reading too much into signs that the British economy had already weathered the turbulence of the Brexit vote.
BUBA’s Weidmann says UK will lose financial passporting rights if it leaves EEA
