Financial Services Minister concerned over battle for Brexit banks

Financial Services Minister Eoghan Murphy has raised his “very serious concerns” about the behaviour of other EU countries over their bids to lure institutions from London after Brexit, writes Eamon Quinn.

At a meeting in Brussels early this month, the Minister voiced his concerns with Commission vice-president Valdis Dombrovskis that other jurisdictions were over-promising as they attempted to persuade insurance companies, in particular, to set up offices in their jurisdictions, a spokesman for the Minister said.