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Almost half of those are looking to move to Germany, official Peter Lutz said in a speech at the Goethe University Frankfurt on Wednesday. Ireland, with its proximity to London and use of English, is also seeing “a lot” of interest, he said.
Most of the applications to Germany are “very close” to a decision, said Lutz, BaFin’s head of foreign-bank supervision.
Talks are generally focused on the level of staffing the banks will need to adequately manage risk, he said, adding that we’re now in a “bargaining phase.”