July 22, 2019 / 2:06 PM / 4 months ago

Euro zone banks watchdog tells lenders not to pause Brexit plans

FILE PHOTO: An European Union flag flutters above the Germany's Christian Democratic Union party (CDU) headquarters after first poll results of the European Parliament elections in Berlin, Germany, May 26, 2019. REUTERS/Hannibal Hanschke

LONDON (Reuters) - EU banks should press ahead with preparations for Britain’s departure from the European Union despite Brexit being postponed to October, the head of the euro zone’s banks resolution board said on Monday.

“My message is there is no reason to postpone. Get prepared, be organized,” Elke Koenig told the European Parliament.

Reporting by Huw Jones; Editing by Kevin Liffey

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