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BNR prepares for no-deal Brexit: UK banks will be treated as third-country entities

The National Bank of Romania (BNR) has made plans for a no-deal Brexit at the end of March and warned that the UK banks will be treated as third-country entities in this scenario and their activity on the local market will cease on March 30, 2019, http://business-review.eu reports. On 29 March 2017, the United Kingdom notified its intention to withdraw from the European Union pursuant to Article 50 of the Treaty ...

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