Bundesbank’s Dombret: transition phase could make Brexit less abrupt and less painful

Greater fragmentation will most likely be an inevitable result of Brexit, said the outgoing Bundesbank executive board member Andreas Dombret at the 2018 AIMA Forum in Dublin.

Additional quotes:

   •  Transition phase could make Brexit less abrupt and, in the long run, less painful.
   •  Banks should file license applications by end-Q2; otherwise it will be very difficult to prevent a cliff edge