• Investment Banking

Banks get final post-Brexit orders from ECB as countdown starts for staff moves

The ECB has met with banks in recent weeks, who have now been told which staff need to move over the next few years to meet new Brexit rules

The ECB's binding decisions are now in lenders' hands

Thomas Lohnes/Getty Images

European regulators have started informing international investment banks on which business and staff to move to the continent, starting the clock on compliance as a long-running post-Brexit review comes to a close.

The European Central Bank has been meeting banks and has given feedback on its so-called desk-mapping review in recent weeks, according to a person familiar with the matter.

The...