U.K. financial institutions stand to lose their “passporting” rights, which allows them to operate free across Europe, if the country opts for a radical exit from the EU, European Central Bank policymaker and Bundesbank Chief Jens Weidmann said.
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U.K. financial institutions stand to lose their “passporting” rights, which allows them to operate free across Europe, if the country opts for a radical exit from the EU, European Central Bank policymaker and Bundesbank Chief Jens Weidmann said.