FCA sets aside £30m to smooth out Brexit process for City banks

Financial services watchdog to deprioritise non-critical projects in preparation for disruption when Britain leaves the EUThe City watchdog has set aside £30m to deal with Brexit this year and has admitted it will need to scale back or delay some of its regular work to prepare for Britain leaving the EU in 2019. Outlining plans to significantly increase its spending on Brexit to help smooth out the process for City banks and insurers, the Financial Conduct Authority said it would drop some