Another policy that has riled international banks operating in both jurisdictions is the European Central Bank (ECB)’s so-called desk-mapping review. Eight banks were last month ordered by the ECB to relocate staff out of London to the likes of Paris, Frankfurt and Dublin.
The central bank identified 56 groups of traders it said should be doing their jobs from within the EU following a lengthy investigation into whether institutions are seeking to dodge post-Brexit rules.
There is actually a point at which – whoever it is and whatever they’re trying to do – the correct response is just “Fuck Off”.
The EU is trying to determine which damn desks people use to bank from?
Seriously no, Fuck Off.