Bank Services: UK Trade with EU

(asked on 30th September 2020) - View Source

Question to the Cabinet Office:

To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, what progress he has made on negotiating the continuation of EU banking passporting rules to ensure that UK expatriates do not have their bank accounts closed at the end of the transition period.


Answered by
Penny Mordaunt Portrait
Penny Mordaunt
This question was answered on 7th October 2020

The majority of expatriates living in the EU should not see any change to their banking at the end of the transition period. The Government expects banks to treat customers fairly and provide timely communications to enable them to make appropriate decisions. The Financial Conduct Authority continues to engage with firms to ensure they are meeting these expectations.

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