BBA CEO Says U.K. Banks Planning for Worst in Brexit

The video discusses the potential relocation of bankers from London to European cities like Frankfurt, Milan, and Portugal due to Brexit. It explores the impact of Brexit on financial services, including the possibility of a hard Brexit and the need for mutual access agreements. Banks are planning for various scenarios, including worst-case outcomes, and are considering relocating operations to cities like Dublin and Frankfurt. The video also highlights the challenges banks face in deciding which staff to move and how to maintain operations post-Brexit.

What is the significance of the passporting regime mentioned in the context of Brexit?

What are the concerns of bank employees regarding potential job relocations?