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Source: European Banking Authority

Headline: The EBA reminds financial institutions of the need for readiness in view of the Brexit transition period ending on 31 December 2020

The European Banking Authority (EBA) reminds financial institutions affected by the end of the transition period to finalise the full execution of their contingency plans in accordance with the conditions agreed with relevant competent authorities before the end of the transition period on 31 December 2020. The EBA also reminds institutions to ensure adequate communication regarding their preparations and possible changes to any affected EU customers.

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