ECB has warned British banks planning to relocate operations to another country in the EU before Brexit that it will not grant licences to ‘empty shells’. Sabine Lautenschlager, a senior regulator, also said banks were falling behind schedule in making preparations...
ECB has announced its plans for a new instant payments and settlement system that will enable businesses and consumers to send money in real-time across 19 countries. The TARGET Instant Payments Settlement Service (TIPS) will go live in November 2018 and take...