At the same time, the banker called for a transition period that could last for a few years regardless of the outcome of the Brexit negotiations that could allow banks to prepare potential relocation of their activities and to hire staff in other states, the media outlet added.
The United Kingdom held a referendum on June 23, 2016, deciding to leave the European Union. UK Prime Minister Theresa May said the country would trigger the Article 50 of the EU Lisbon Treaty by the end of March, thus beginning withdrawal negotiations, as well as talks on free trade with London's international partners.
London's potential breakup with the European market has already raised concerns within the business community and made several companies, such as Russia's VTB bank, to consider the transfer of its activities out of the United Kingdom to other EU member states.
